Overall CDTX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CDTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
CDTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 221.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 220.92, 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
124.12
We found 3 important support areas.
- A support zone ranging from 219.59 to 220.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @132.28 from a trend line in the daily time frame.
- Support @125.37 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 221.39 to 221.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 99.75 | POSITIVE | CDTX has a high relative strength, it outperformed 99.75% 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) | 84.21 | OVERBOUGHT | The high RSI value suggests CDTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.93 | NEGATIVE | The MACD value suggests CDTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.29 | OVERBOUGHT | The high Stochastics value suggests CDTX may be overbought. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for CDTX suggests low volalility. |
| Average Directional Index/ADX (14) | 73.39 | POSITIVE | The high ADX value value for CDTX suggests a strong trend. |
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 |
|---|---|---|---|
| 221.40 | 220.39 | 1.01 (0.46%) | 25.00% |
| An entry @221.40. This is a Buy Stop order right above the resistance zone. | An exit @220.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.01 points, which is 0.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
221.38
+0.06 (+0.03%)
CIDARA THERAPEUTICS INC / CDTX FAQ
What is the ChartMill technical rating of CIDARA THERAPEUTICS INC (CDTX) stock?
ChartMill assigns a technical rating of 10 / 10 to CDTX.
What is the current trend direction of CIDARA THERAPEUTICS INC (CDTX) stock?
The current trend direction for CIDARA THERAPEUTICS INC (CDTX) is Bullish.
What is the RSI signal for CIDARA THERAPEUTICS INC (CDTX) stock?
CIDARA THERAPEUTICS INC (CDTX) has an RSI value of 84.2127. This indicates that the stock is currently overbought.
What is the short term momentum for CIDARA THERAPEUTICS INC (CDTX) stock?
The short term momentum for CIDARA THERAPEUTICS INC (CDTX) is positive.
What is the support and resistance level for CDTX stock?
CIDARA THERAPEUTICS INC (CDTX) has a support level at 220.92 and a resistance level at 221.39. Check the full technical report for our detailed analysis of CDTX support and resistance levels.