CIDARA THERAPEUTICS INC (CDTX) Stock Technical Analysis
NASDAQ:CDTX - Nasdaq - US1717572069 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CDTX. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CDTX did better than 99% of all other stocks.
CDTX is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 551 stocks in the same industry.
CDTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CDTX is lagging the market slightly.
CDTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, CDTX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 61.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CDTX 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
61.10
65.50
When analyzing the support we notice one important area.
- A support zone ranging from 61.72 to 61.99. 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 @64.85 from a horizontal 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 CDTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDTX is up. |
| ChartMill Relative Strength | 99.31 | POSITIVE | CDTX has a high relative strength, it outperformed 99.31% 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) | 66.1 | NEUTRAL | The RSI value for CDTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests CDTX has a negative trend. |
| Stochastics (14,3) | 58.57 | NEUTRAL | The Stochastics value for CDTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for CDTX suggests high volalility. |
| Average Directional Index/ADX (14) | 56.57 | 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 |
|---|---|---|---|
| 64.86 | 61.71 | 3.15 (4.86%) | 20.59% |
| An entry @64.86. This is a Buy Stop order right above the resistance zone. | An exit @61.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.15 points, which is 4.86%. | When investing 20.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CDTX. Please evaluate whether better entry and exit points can be found.
- 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.
62
+0.27 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.44%
1 Week-1.43%
2 Weeks0.24%
1 Month22.69%
3 Month232.8%
6 Month185.98%
12 Month424.98%
2 Year295.36%
3 Year355.88%
5 Year-2.52%
10 Year-78.21%
15 YearN/A
Volatility
ATR(14)3.46
ATR(20)%6.26%
ATR Inc25.11%
Range Today5.85
ADR(20)3.88
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.31
Mansfield14.09
10 Day High64.95
10 Day Low56.53
20 Day High66.94
20 Day Low49.43
52 Week High66.94
52 Week Low10.14
CS1 End61.99
CR1 Start64.85
Volume & EV
DER(3)3.6%
DER(5)3.6%
Volume424.70K
Volume Incr-43.29%
Vol(5)375.18K
Vol(50)831.55K