C4 THERAPEUTICS INC (CCCC) Technical Analysis
NASDAQ:CCCC • US12529R1077
Current stock price
CCCC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to CCCC. In the last year, CCCC was one of the better performers, but we do observe some doubts in the very recent evolution.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, CCCC did better than 91% of all other stocks.
- CCCC is one of the better performing stocks in the Biotechnology industry, it outperforms 73% of 517 stocks in the same industry.
- CCCC has an average volume of 2613380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CCCC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CCCC is lagging the market.
- In the last month CCCC has a been trading in the 2.30 - 3.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CCCC Weekly and Daily overview Charts
CCCC Setup Rating and Analysis
Besides having an excellent technical rating, CCCC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CCCC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
CCCC Support and Resistance Analysis
1.94
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.40 from a horizontal line in the weekly time frame.
- Support @2.35 from a horizontal line in the daily time frame.
- Support @1.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.81 to 2.83. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @2.90 from a horizontal line in the daily time frame.
- Resistance @3.57 from a horizontal line in the daily time frame.
CCCC 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 CCCC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCCC is neutral. |
| ChartMill Relative Strength | 91.61 | POSITIVE | CCCC has a high relative strength, it outperformed 91.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCCC is below a declining 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) | UP | POSITIVE | The current price of CCCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.25 | 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) | 63.19 | NEUTRAL | The Stochastics value for CCCC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.77 | HIGH VOLATILITY | The high ATR as a percentage value for CCCC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.35 | POSITIVE | The high ADX value value for CCCC suggests a strong trend. |
CCCC Chart- and CandleStick Pattern Analysis
CCCC 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 |
|---|---|---|---|
| 2.84 | 2.48 | 0.36 (12.68%) | 7.89% |
| An entry @2.84. This is a Buy Stop order right above the resistance zone. | An exit @2.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.36 points, which is 12.68%. | When investing 7.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CCCC Technicals: Chart, Performance Metrics, Trend & Indicators
2.535
-0.29 (-10.42%)
C4 THERAPEUTICS INC / CCCC TA FAQ
What is the technical rating for CCCC stock?
ChartMill assigns a technical rating of 8 / 10 to CCCC.
What is the current trend direction of C4 THERAPEUTICS INC (CCCC) stock?
The current trend direction for C4 THERAPEUTICS INC (CCCC) is Bullish.
What is the RSI signal for CCCC stock?
C4 THERAPEUTICS INC (CCCC) has an RSI value of 46.2512. This indicates that the stock is currently neutral.
What is the MACD signal for CCCC stock?
The MACD indicator for C4 THERAPEUTICS INC (CCCC) has a value of -0.00734933, indicating a bearish trend.
What is the support and resistance level for CCCC stock?
C4 THERAPEUTICS INC (CCCC) has a support level at 2.49 and a resistance level at 2.81. Check the full technical report for our detailed analysis of CCCC support and resistance levels.