CHIMERIX INC (CMRX) Stock Technical Analysis
USA - NASDAQ:CMRX - US16934W1062 - Common Stock
Taking everything into account, CMRX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMRX is showing a nice and steady performance.
CMRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.53, a Stop Loss order could be placed below this zone.
More info and screens
5.77
We found 3 important support areas.
- A support zone ranging from 8.50 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.13 to 7.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.83 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.55 to 8.56. This zone is formed by a combination of multiple trend lines 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 CMRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMRX is up. |
| ChartMill Relative Strength | 99.89 | POSITIVE | CMRX has a high relative strength, it outperformed 99.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.86 | OVERBOUGHT | The high RSI value suggests CMRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CMRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.3 | OVERBOUGHT | The high Stochastics value suggests CMRX may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for CMRX suggests low volalility. |
| Average Directional Index/ADX (14) | 75.22 | POSITIVE | The high ADX value value for CMRX 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 |
|---|---|---|---|
| 8.57 | 8.49 | 0.08 (0.93%) | 25.00% |
| An entry @8.57. This is a Buy Stop order right above the resistance zone. | An exit @8.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 0.93%. | For a 0.23% total portfolio risk, you can invest 25.00% 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.
8.54
-0.01 (-0.12%)
CHIMERIX INC / CMRX FAQ
Can you provide the ChartMill technical rating for CHIMERIX INC?
ChartMill assigns a technical rating of 10 / 10 to CMRX.
Can you provide the trend direction for CHIMERIX INC?
The current trend direction for CHIMERIX INC (CMRX) is Bullish.
What is the RSI signal for CHIMERIX INC (CMRX) stock?
CHIMERIX INC (CMRX) has an RSI value of 80.8552. This indicates that the stock is currently overbought.
What is the MACD signal for CMRX stock?
The MACD indicator for CHIMERIX INC (CMRX) has a value of -0.117914, indicating a bearish trend.
What is the short term momentum for CHIMERIX INC (CMRX) stock?
The short term momentum for CHIMERIX INC (CMRX) is positive.