CBIO Technical Analysis - CRESCENT BIOPHARMA INC

Technical Rating and Analysis

Taking everything into account, CBIO scores 2 out of 10 in our technical rating. CBIO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, CBIO is a bad performer in the overall market: 100% of all stocks are doing better.

CBIO is one of the lesser performing stocks in the Biotechnology industry. 92% of 538 stocks in the same industry do better.

In the last month CBIO has a been trading in the 12.03 - 16.00 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CRESCENT BIOPHARMA INC / CBIO Weekly stock chart

CRESCENT BIOPHARMA INC / CBIO Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, CBIO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.62, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.28

13.84

When analyzing the support we can see 2 important areas.

A support zone ranging from 12.93 to 12.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 12.40 to 12.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

Resistance @13.70 from a trend line in the daily time frame.

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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 CBIO is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CBIO is neutral.
ChartMill Relative Strength	0	NEGATIVE	CBIO has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CBIO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CBIO is below a declining SMA(50).
Relative Strength Index/RSI (14)	47.18	NEUTRAL	The RSI value for CBIO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests CBIO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	31.19	NEUTRAL	The Stochastics value for CBIO is a neutral value.
Average True Range in percent/ATR (20)	7.25	HIGH VOLATILITY	The high ATR as a percentage value for CBIO suggests high volalility.
Average Directional Index/ADX (14)	15.79	NEGATIVE	The low ADX value for CBIO suggests a weak or negative trend.