CINCOR PHARMA INC (CINC) Stock Technical Analysis
NASDAQ:CINC - Nasdaq - US17240Y1091 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CINC. CINC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
CINC is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 75% of 194 stocks in the same industry.
Looking at the yearly performance, CINC did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CINC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CINC is lagging the market.
In the last month CINC has a been trading in a tight range between 28.75 and 29.68.
Volume is considerably higher in the last couple of days.
CINC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 29.05, 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
28.76
29.86
When analyzing the support we notice one important area.
- A support zone ranging from 29.05 to 29.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.09 to 29.56. This zone is formed by a combination of multiple trend lines and important moving averages 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 CINC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CINC is up. |
| ChartMill Relative Strength | 81.02 | POSITIVE | CINC has a high relative strength, it outperformed 81.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CINC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CINC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CINC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.26 | NEUTRAL | The RSI value for CINC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests CINC has a negative trend. |
| Stochastics (14,3) | 34.4 | NEUTRAL | The Stochastics value for CINC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for CINC suggests low volalility. |
| Average Directional Index/ADX (14) | 60.52 | POSITIVE | The high ADX value value for CINC 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 |
|---|---|---|---|
| 29.33 | 29.04 | 0.29 (0.99%) | 25.00% |
| An entry @29.33. This is a Buy Stop order right above the 10 day moving average. | An exit @29.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 0.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- The distance between exit and entry is rather small compared to the average daily movement of CINC. 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.
29.06
-0.14 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.48%
1 Week-1.69%
2 Weeks-0.68%
1 Month1.15%
3 Month9.54%
6 Month-23.12%
12 Month2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%1.05%
ATR Inc31.18%
Range Today0.33
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.02
Mansfield2.05
10 Day High29.68
10 Day Low28.95
20 Day High29.68
20 Day Low28.75
52 Week High43.15
52 Week Low10.53
CS1 End29.05
CR1 Start29.09
Volume & EV
DER(3)-2.39%
DER(5)0.07%
Volume6.35M
Volume Incr694.33%
Vol(5)2.06M
Vol(50)685.96K