CASI PHARMACEUTICALS INC (CASI) Stock Technical Analysis
USA - NASDAQ:CASI - KYG1933S1012 - Common Stock
Taking everything into account, CASI scores 0 out of 10 in our technical rating. CASI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CASI has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.28
2 important support areas can be observed.
- A support zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.74 from a trend line in the daily time frame.
- Resistance @2.38 from a trend line in the daily time frame.
- Resistance @2.43 from a horizontal line in the daily time frame.
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 | 4.63 | NEGATIVE | CASI has a low relative strength, it was outperformed by 95.37% 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) | 37.13 | NEUTRAL | The RSI value for CASI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CASI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.99 | OVERSOLD | The low Stochastics value suggests CASI may be oversold. |
| Average True Range in percent/ATR (20) | 11.15 | HIGH VOLATILITY | The high ATR as a percentage value for CASI suggests high volalility. |
| Average Directional Index/ADX (14) | 12.97 | NEGATIVE | The low ADX value for CASI suggests a weak or negative trend. |
1.38
+0.05 (+3.76%)
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.
Can you provide the trend direction for CASI PHARMACEUTICALS INC?
The current trend direction for CASI PHARMACEUTICALS INC (CASI) is Bearish.
What is the RSI signal for CASI stock?
CASI PHARMACEUTICALS INC (CASI) has an RSI value of 37.1349. This indicates that the stock is currently neutral.
What is the buy/sell signal for CASI stock?
The buy/sell signal for CASI PHARMACEUTICALS INC (CASI) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CASI stock?
CASI PHARMACEUTICALS INC (CASI) has a support level at 1.36 and a resistance level at 1.74. Check the full technical report for our detailed analysis of CASI support and resistance levels.