CINGULATE INC (CING) Stock Technical Analysis
NASDAQ:CING • US17248W3034
Overall CING gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CING 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!
- CING is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 83% of 193 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that CING is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- CING is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CING is lagging the market.
- In the last month CING has a been trading in the 5.47 - 7.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CING 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 5.94, a Stop Loss order could be placed below this zone.
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3.30
4 important support areas can be observed.
- A support zone ranging from 5.81 to 5.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.73 from a trend line in the weekly time frame.
- Support @3.47 from a horizontal line in the weekly time frame.
- Support @3.33 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @6.82 from a horizontal line in the daily time frame.
- Resistance @7.31 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 | UP | POSITIVE | The long term trend for CING is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CING is up. |
| ChartMill Relative Strength | 93.18 | POSITIVE | CING has a high relative strength, it outperformed 93.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CING is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CING is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CING is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.08 | NEUTRAL | The RSI value for CING is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CING has a negative trend. |
| Stochastics (14,3) | 41.56 | NEUTRAL | The Stochastics value for CING is a neutral value. |
| Average True Range in percent/ATR (20) | 9.83 | HIGH VOLATILITY | The high ATR as a percentage value for CING suggests high volalility. |
| Average Directional Index/ADX (14) | 39.71 | POSITIVE | The high ADX value value for CING 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 |
|---|---|---|---|
| 6.83 | 5.80 | 1.03 (15.08%) | 6.63% |
| An entry @6.83. This is a Buy Stop order right above the resistance zone. | An exit @5.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 15.08%. | For a 1.00% total portfolio risk, you can invest 6.63% 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.
6.27
-0.22 (-3.39%)
CINGULATE INC / CING FAQ
Can you provide the ChartMill technical rating for CINGULATE INC?
ChartMill assigns a technical rating of 9 / 10 to CING.
What is the trend direction for CING stock?
The current trend direction for CINGULATE INC (CING) is Bullish.
What is the RSI signal for CINGULATE INC (CING) stock?
CINGULATE INC (CING) has an RSI value of 53.084. This indicates that the stock is currently neutral.
What is the short term momentum for CINGULATE INC (CING) stock?
The short term momentum for CINGULATE INC (CING) is positive.
Can you provide the buy/sell signal for CINGULATE INC?
The buy/sell signal for CINGULATE INC (CING) is buy as both the short term and long term trends are positive.