CHIMERIX INC (CMRX) Technical Analysis
NASDAQ:CMRX • US16934W1062
Current stock price
CMRX Technical Rating and Analysis
Overall CMRX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CMRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CMRX is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by CMRX over the past year are nicely spread over this period.
- CMRX is part of the Biotechnology industry. There are 519 other stocks in this industry. CMRX outperforms 99% of them.
- CMRX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CMRX is leading the market.
- CMRX has an average volume of 4708050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CMRX has a been trading in a tight range between 8.46 and 8.55.
- Considerably lower volume is observed in the last couple of days.
CMRX Weekly and Daily overview Charts
CMRX Setup Rating and Analysis
Besides having an excellent technical rating, CMRX 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
CMRX Support and Resistance Analysis
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.
CMRX Technical Indicator Signal Analysis
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. |
CMRX Chart- and CandleStick Pattern Analysis
CMRX Example Setup
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.23%. |
- 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.
CMRX Technicals: Chart, Performance Metrics, Trend & Indicators
8.54
-0.01 (-0.12%)
CHIMERIX INC / CMRX TA FAQ
Can you provide the ChartMill technical rating for CHIMERIX INC?
ChartMill assigns a technical rating of 10 / 10 to CMRX.
What is the current trend direction of CHIMERIX INC (CMRX) stock?
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 CHIMERIX INC (CMRX) stock?
The MACD indicator for CHIMERIX INC (CMRX) has a value of -0.117914, indicating a bearish trend.
Can you provide the support and resistance levels for CHIMERIX INC?
CHIMERIX INC (CMRX) has a support level at 8.53 and a resistance level at 8.55. Check the full technical report for our detailed analysis of CMRX support and resistance levels.