CELLECTAR BIOSCIENCES INC (CLRB) Stock Technical Analysis
NASDAQ:CLRB - Nasdaq - US15117F8077 - Common Stock - Currency: USD
Taking everything into account, CLRB scores 3 out of 10 in our technical rating. In the past year, CLRB 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.
97% of all other stocks performed better in the past year than CLRB.
CLRB is one of the lesser performing stocks in the Biotechnology industry. 81% of 558 stocks in the same industry do better.
CLRB is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CLRB is lagging the market.
In the last month CLRB has a been trading in the 0.24 - 0.69 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CLRB has an average volume of 14940500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
CLRB has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.23
0.42
We found 4 important support areas.
- Support @0.26 from a trend line in the daily time frame.
- Support @0.25 from a trend line in the weekly time frame.
- Support @0.24 from a horizontal line in the daily time frame.
- Support @0.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.38 from a trend line in the daily time frame.
- Resistance @0.42 from a trend 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 | DOWN | NEGATIVE | The long term trend for CLRB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLRB is neutral. |
| ChartMill Relative Strength | 3.16 | NEGATIVE | CLRB has a low relative strength, it was outperformed by 96.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CLRB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CLRB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLRB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.73 | NEUTRAL | The RSI value for CLRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CLRB has a negative trend. |
| Stochastics (14,3) | 19.84 | OVERSOLD | The low Stochastics value suggests CLRB may be oversold. |
| Average True Range in percent/ATR (20) | 20.68 | HIGH VOLATILITY | The high ATR as a percentage value for CLRB suggests high volalility. |
| Average Directional Index/ADX (14) | 39.31 | POSITIVE | The high ADX value value for CLRB 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)
0.2918
-0.07 (-20.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-20.16%
1 Week-33.23%
2 Weeks-28.5%
1 Month17.19%
3 Month-20.92%
6 Month24.17%
12 Month-89.8%
2 Year-85.04%
3 Year-92.77%
5 Year-97.72%
10 Year-99.99%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%20.68%
ATR Inc-10.41%
Range Today0.07
ADR(20)0.05
ADR(20)%18.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.16
Mansfield-7.5
10 Day High0.47
10 Day Low0.29
20 Day High0.69
20 Day Low0.24
52 Week High3.15
52 Week Low0.22
CS1 End0.26
CR1 Start0.3
Volume & EV
DER(3)-8.05%
DER(5)-9.03%
Volume3.84M
Volume Incr-92.61%
Vol(5)2.65M
Vol(50)14.94M