CONCERT PHARMACEUTICALS INC (CNCE) Stock Technical Analysis
NASDAQ:CNCE • US2060221056
Overall CNCE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNCE is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CNCE is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, CNCE also shows a nice and consistent pattern of rising prices.
- CNCE is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 521 stocks in the same industry.
- CNCE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CNCE has an average volume of 2549460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CNCE has a been trading in a tight range between 8.31 and 8.55.
- Volume is considerably higher in the last couple of days.
CNCE has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.16
We found 4 important support areas.
- A support zone ranging from 8.32 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.97 from a trend line in the weekly time frame.
- A support zone ranging from 4.43 to 4.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.19 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.38 to 8.41. 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 CNCE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNCE is up. |
| ChartMill Relative Strength | 99.23 | POSITIVE | CNCE has a high relative strength, it outperformed 99.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNCE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNCE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNCE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.67 | NEUTRAL | The RSI value for CNCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CNCE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.58 | NEUTRAL | The Stochastics value for CNCE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for CNCE suggests low volalility. |
| Average Directional Index/ADX (14) | 59.91 | POSITIVE | The high ADX value value for CNCE suggests a strong trend. |
8.37
+0.01 (+0.12%)
CONCERT PHARMACEUTICALS INC / CNCE FAQ
What is the technical rating for CNCE stock?
ChartMill assigns a technical rating of 9 / 10 to CNCE.
Can you provide the trend direction for CONCERT PHARMACEUTICALS INC?
The current trend direction for CONCERT PHARMACEUTICALS INC (CNCE) is Bullish.
Can you provide the RSI signal for CONCERT PHARMACEUTICALS INC?
CONCERT PHARMACEUTICALS INC (CNCE) has an RSI value of 66.6703. This indicates that the stock is currently neutral.
What is the buy/sell signal for CNCE stock?
The buy/sell signal for CONCERT PHARMACEUTICALS INC (CNCE) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CONCERT PHARMACEUTICALS INC (CNCE) stock?
CONCERT PHARMACEUTICALS INC (CNCE) has a support level at 8.37 and a resistance level at 8.38. Check the full technical report for our detailed analysis of CNCE support and resistance levels.