C4 THERAPEUTICS INC (CCCC) Stock Technical Analysis
NASDAQ:CCCC - US12529R1077 - Common Stock
2.6 USD
+0.05 (+1.96%)
2.3713 USD
-0.23 (-8.8%)
Taking everything into account, CCCC scores 7 out of 10 in our technical rating. CCCC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
CCCC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CCCC is part of the Biotechnology industry. There are 545 other stocks in this industry. CCCC outperforms 75% of them.
CCCC has an average volume of 1617770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that CCCC is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month CCCC has a been trading in the 1.95 - 3.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although CCCC has an excellent technical rating, it does not present a decent entry opportunity 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
2.29
2.79
When analyzing the support we can see 2 important areas.
- Support @2.52 from a horizontal line in the daily time frame.
- Support @2.31 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.62 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.76 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CCCC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCCC is neutral. |
| ChartMill Relative Strength | 83.33 | POSITIVE | CCCC has a high relative strength, it outperformed 83.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CCCC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.04 | NEUTRAL | The RSI value for CCCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CCCC has a negative trend. |
| Stochastics (14,3) | 43.54 | NEUTRAL | The Stochastics value for CCCC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.9 | HIGH VOLATILITY | The high ATR as a percentage value for CCCC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.13 | POSITIVE | The high ADX value value for CCCC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.6
+0.05 (+1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.96%
1 Week-0.38%
2 Weeks5.69%
1 Month22.64%
3 Month108%
6 Month-4.06%
12 Month-58.86%
2 Year-10.34%
3 Year-74.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%9.9%
ATR Inc-10.56%
Range Today0.28
ADR(20)0.26
ADR(20)%9.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.33
Mansfield-2.63
10 Day High3.07
10 Day Low2.33
20 Day High3.07
20 Day Low1.95
52 Week High7.22
52 Week Low1.09
CS1 End2.52
CR1 Start2.62
Volume & EV
DER(3)0.12%
DER(5)2.39%
Volume1.33M
Volume Incr-52.52%
Vol(5)774.78K
Vol(50)1.62M