CONCERT PHARMACEUTICALS INC (CNCE) Stock Technical Analysis
NASDAQ:CNCE - Nasdaq - US2060221056 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CNCE. Both in the recent history as in the last year, CNCE 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.
Looking at the yearly performance, CNCE did better than 99% of all other stocks. On top of that, CNCE also shows a nice and consistent pattern of rising prices.
CNCE is part of the Biotechnology industry. There are 549 other stocks in this industry. CNCE outperforms 98% of them.
A new 52 week high is currently being made by CNCE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
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
8.49
4 important support areas can be observed.
- 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.
We found 1 important resistance 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. |
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)
8.37
+0.01 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.12%
1 Week-0.12%
2 Weeks-0.12%
1 Month-0.36%
3 Month72.22%
6 Month20.43%
12 Month190.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.65%
ATR Inc169.57%
Range Today0.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.23
Mansfield4.93
10 Day High8.55
10 Day Low8.34
20 Day High8.55
20 Day Low8.31
52 Week High8.55
52 Week Low2.66
CS1 End8.37
CR1 Start8.38
Volume & EV
DER(3)-3.26%
DER(5)-2.89%
Volume10.73M
Volume Incr217.37%
Vol(5)4.05M
Vol(50)2.55M