C4 THERAPEUTICS INC (CCCC) Stock Technical Analysis
NASDAQ:CCCC - Nasdaq - US12529R1077 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CCCC. In the last year, CCCC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 1.92 - 2.94 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CCCC has an average volume of 1582860 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 performance of all stocks over the past year, CCCC turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
CCCC is part of the Biotechnology industry. There are 550 other stocks in this industry, CCCC did better than 65% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CCCC has an average technical rating and it also 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
1.23
2.53
We found 3 important support areas.
- Support @1.63 from a trend line in the daily time frame.
- Support @1.49 from a trend line in the daily time frame.
- Support @1.24 from a horizontal line in the weekly 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 | 58.81 | NEUTRAL | CCCC is not amongst the best or worst performers 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 | NEGATIVE | The current price of CCCC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.57 | NEUTRAL | The RSI value for CCCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CCCC has a positive trend. |
| Stochastics (14,3) | 44.57 | NEUTRAL | The Stochastics value for CCCC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.44 | HIGH VOLATILITY | The high ATR as a percentage value for CCCC suggests high volalility. |
| Average Directional Index/ADX (14) | 36.66 | 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)
2.5
-0.08 (-3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.1%
1 Week17.92%
2 Weeks10.62%
1 Month12.11%
3 Month70.07%
6 Month-29.58%
12 Month-53.7%
2 Year-13.79%
3 Year-75.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%10.44%
ATR Inc227.84%
Range Today0.5
ADR(20)0.26
ADR(20)%10.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.81
Mansfield-3.33
10 Day High2.94
10 Day Low1.95
20 Day High2.94
20 Day Low1.92
52 Week High7.22
52 Week Low1.09
CS1 End1.63
CR1 StartN/A
Volume & EV
DER(3)-7.64%
DER(5)-2.6%
Volume3.32M
Volume Incr95.84%
Vol(5)3.07M
Vol(50)1.58M