CERUS CORP (CERS) Stock Technical Analysis
NASDAQ:CERS - Nasdaq - US1570851014 - Common Stock - Currency: USD
Overall CERS gets a technical rating of 2 out of 10. In the past year, CERS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
80% of all other stocks performed better in the past year than CERS.
CERS 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.
CERS has an average volume of 1228090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CERS is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, CERS did better than 46% of them.
In the last month CERS has a been trading in the 1.20 - 1.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CERS has a bad technical rating, but it does show 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 1.41, 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
1.21
1.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.38 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.24 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.52 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.62 from a trend 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 | DOWN | NEGATIVE | The long term trend for CERS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CERS is neutral. |
| ChartMill Relative Strength | 20.12 | NEGATIVE | CERS has a low relative strength, it was outperformed by 79.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CERS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CERS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CERS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.49 | NEUTRAL | The RSI value for CERS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CERS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.63 | NEUTRAL | The Stochastics value for CERS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for CERS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.51 | NEGATIVE | The low ADX value for CERS suggests a weak or negative 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)
1.42
+0.06 (+4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.41%
1 Week5.97%
2 Weeks3.65%
1 Month15.45%
3 Month0%
6 Month-8.97%
12 Month-19.32%
2 Year-42.28%
3 Year-73.16%
5 Year-78.48%
10 Year-72.64%
15 Year-55.06%
Volatility
ATR(14)0.08
ATR(20)%6.83%
ATR Inc-4.18%
Range Today0.13
ADR(20)0.09
ADR(20)%6.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.12
Mansfield-2.22
10 Day High1.46
10 Day Low1.28
20 Day High1.58
20 Day Low1.2
52 Week High2.54
52 Week Low1.12
CS1 End1.41
CR1 Start1.44
Volume & EV
DER(3)-0.82%
DER(5)-0.03%
Volume4.37M
Volume Incr5.1%
Vol(5)1.49M
Vol(50)1.23M