CYMABAY THERAPEUTICS INC (CBAY) Technical Analysis
NASDAQ:CBAY • US23257D1037
Current stock price
CBAY Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CBAY. Both in the recent history as in the last year, CBAY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CBAY did better than 98% of all other stocks. We also observe that the gains produced by CBAY over the past year are nicely spread over this period.
- CBAY is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. CBAY outperforms 94% of them.
- CBAY is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CBAY is leading the market.
- CBAY has an average volume of 4451270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CBAY has a been trading in a tight range between 32.16 and 32.50.
CBAY Weekly and Daily overview Charts
CBAY Setup Rating and Analysis
Besides having an excellent technical rating, CBAY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CBAY Support and Resistance Analysis
26.42
3 important support areas can be observed.
- A support zone ranging from 32.17 to 32.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.27 to 28.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.69 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.49 to 32.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
CBAY Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for CBAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBAY is up. |
| ChartMill Relative Strength | 98.73 | POSITIVE | CBAY has a high relative strength, it outperformed 98.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.99 | OVERBOUGHT | The high RSI value suggests CBAY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests CBAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.02 | OVERBOUGHT | The high Stochastics value suggests CBAY may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for CBAY suggests low volalility. |
| Average Directional Index/ADX (14) | 69.22 | POSITIVE | The high ADX value value for CBAY suggests a strong trend. |
CBAY Chart- and CandleStick Pattern Analysis
CBAY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.50 | 32.27 | 0.23 (0.71%) | 25.00% |
| An entry @32.50. This is a Buy Stop order right above the resistance zone. | An exit @32.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.71%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CBAY Technicals: Chart, Performance Metrics, Trend & Indicators
32.48
+0.01 (+0.03%)
CYMABAY THERAPEUTICS INC / CBAY TA FAQ
What is the technical rating for CBAY stock?
ChartMill assigns a technical rating of 10 / 10 to CBAY.
Can you provide the trend direction for CYMABAY THERAPEUTICS INC?
The current trend direction for CYMABAY THERAPEUTICS INC (CBAY) is Bullish.
What is the RSI signal for CBAY stock?
CYMABAY THERAPEUTICS INC (CBAY) has an RSI value of 80.9924. This indicates that the stock is currently overbought.
What is the short term momentum for CYMABAY THERAPEUTICS INC (CBAY) stock?
The short term momentum for CYMABAY THERAPEUTICS INC (CBAY) is positive.
Can you provide the support and resistance levels for CYMABAY THERAPEUTICS INC?
CYMABAY THERAPEUTICS INC (CBAY) has a support level at 32.44 and a resistance level at 32.49. Check the full technical report for our detailed analysis of CBAY support and resistance levels.