C4 THERAPEUTICS INC (CCCC) Stock Technical Analysis
USA - NASDAQ:CCCC - US12529R1077 - Common Stock
2.59 USD
-0.02 (-0.77%)
2.6 USD
+0.01 (+0.39%)
Taking everything into account, CCCC scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CCCC is only an average performer.
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.
In the last month CCCC has a been trading in the 2.33 - 3.65 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 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!
CCCC has an average volume of 1585750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CCCC did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CCCC is an average performer in the Biotechnology industry, it outperforms 64% of 538 stocks in the same industry.
Although CCCC has an excellent technical rating, it does not offer a high quality setup 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
2.55
3.57
We found 1 important support area.
- A support zone ranging from 2.58 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @3.53 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 | UP | POSITIVE | The long term trend for CCCC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCCC is neutral. |
| ChartMill Relative Strength | 74.64 | POSITIVE | CCCC has a high relative strength, it outperformed 74.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCCC is below 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) | 45.76 | NEUTRAL | The RSI value for CCCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CCCC has a negative trend. |
| Stochastics (14,3) | 23.85 | NEUTRAL | The Stochastics value for CCCC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.47 | HIGH VOLATILITY | The high ATR as a percentage value for CCCC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.96 | 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)
2.59
-0.02 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.77%
1 Week-24.05%
2 Weeks-3.36%
1 Month2.37%
3 Month85%
6 Month48%
12 Month-56.03%
2 Year39.25%
3 Year-70.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%10.47%
ATR Inc118.84%
Range Today0.27
ADR(20)0.26
ADR(20)%10.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.64
Mansfield-2.14
10 Day High3.65
10 Day Low2.56
20 Day High3.65
20 Day Low2.33
52 Week High7.14
52 Week Low1.09
CS1 End2.58
CR1 Start3.53
Volume & EV
DER(3)-5.39%
DER(5)-5.48%
Volume3.27M
Volume Incr68.47%
Vol(5)2.15M
Vol(50)1.59M