CIDARA THERAPEUTICS INC (CDTX) Stock Technical Analysis
NASDAQ:CDTX - US1717572069 - Common Stock
65.39 USD
+0.16 (+0.25%)
65.39 USD
0 (0%)
We assign a technical rating of 10 out of 10 to CDTX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CDTX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CDTX is one of the better performing stocks in the market, outperforming 99% of all stocks.
CDTX is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 545 stocks in the same industry.
CDTX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CDTX has a been trading in the 56.53 - 69.36 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.
CDTX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 65.38, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
60.88
66.04
We found 2 important support areas.
- A support zone ranging from 63.83 to 65.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.49 to 61.73. This zone is formed by a combination of multiple trend lines 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 CDTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDTX is up. |
| ChartMill Relative Strength | 99.35 | POSITIVE | CDTX has a high relative strength, it outperformed 99.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.21 | NEUTRAL | The RSI value for CDTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests CDTX has a negative trend. |
| Stochastics (14,3) | 61.44 | NEUTRAL | The Stochastics value for CDTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for CDTX suggests high volalility. |
| Average Directional Index/ADX (14) | 40.71 | POSITIVE | The high ADX value value for CDTX 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)
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 |
|---|---|---|---|
| 69.37 | 63.82 | 5.55 (8.00%) | 12.50% |
| An entry @69.37. This is a Buy Stop order right above the 10 day high. | An exit @63.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.55 points, which is 8.00%. | For a 1.00% total portfolio risk, you can invest 12.50% of your capital in this trade. |
- 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.
65.39
+0.16 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.25%
1 Week-1.48%
2 Weeks0.27%
1 Month3.96%
3 Month201.61%
6 Month162.61%
12 Month449.96%
2 Year316.98%
3 Year380.81%
5 Year2.81%
10 Year-77.02%
15 YearN/A
Volatility
ATR(14)3.46
ATR(20)%5.13%
ATR Inc-54.13%
Range Today1.91
ADR(20)3.35
ADR(20)%5.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.35
Mansfield12.54
10 Day High69.36
10 Day Low59.8
20 Day High69.36
20 Day Low56.53
52 Week High69.36
52 Week Low10.14
CS1 End65.38
CR1 StartN/A
Volume & EV
DER(3)1.78%
DER(5)2.74%
Volume188.30K
Volume Incr-25.75%
Vol(5)323.58K
Vol(50)912.93K