CASI PHARMACEUTICALS INC (CASI) Technical Analysis
NASDAQ:CASI • KYG1933S1012
We assign a technical rating of 0 out of 10 to CASI. CASI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CASI is a bad performer in the overall market: 100% of all stocks are doing better.
- CASI is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 91% are performing better than CASI.
- CASI is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CASI has a been trading in the 0.21 - 1.04 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of CASI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.21
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CASI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CASI is down. |
| ChartMill Relative Strength | 0.76 | NEGATIVE | CASI has a low relative strength, it was outperformed by 99.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CASI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CASI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CASI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.41 | OVERSOLD | The low RSI value suggests CASI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CASI has a negative trend. |
| Stochastics (14,3) | 8.83 | OVERSOLD | The low Stochastics value suggests CASI may be oversold. |
| Average True Range in percent/ATR (20) | 53.21 | HIGH VOLATILITY | The high ATR as a percentage value for CASI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.66 | NEGATIVE | The low ADX value for CASI suggests a weak or negative trend. |
CASI Technicals: Chart, Performance Metrics, Trend & Indicators
0.2075
-0.59 (-74.06%)
CASI PHARMACEUTICALS INC / CASI FAQ
Can you provide the ChartMill technical rating for CASI PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 0 / 10 to CASI.
What is the current trend direction of CASI PHARMACEUTICALS INC (CASI) stock?
The current trend direction for CASI PHARMACEUTICALS INC (CASI) is Bearish.
Can you provide the RSI signal for CASI PHARMACEUTICALS INC?
CASI PHARMACEUTICALS INC (CASI) has an RSI value of 18.4066. This indicates that the stock is currently oversold.
What is the MACD signal for CASI PHARMACEUTICALS INC (CASI) stock?
The MACD indicator for CASI PHARMACEUTICALS INC (CASI) has a value of -0.0437989, indicating a bearish trend.
What is the buy/sell signal for CASI PHARMACEUTICALS INC (CASI) stock?
The buy/sell signal for CASI PHARMACEUTICALS INC (CASI) is sell as both the short term and long term trends are negative.