CONCERT PHARMACEUTICALS INC (CNCE) Technical Analysis
NASDAQ:CNCE • US2060221056
Current stock price
CNCE Technical Rating and Analysis
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 517 other stocks in this industry. CNCE outperforms 96% of them.
- A new 52 week high is currently being made by CNCE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CNCE is leading 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 Weekly and Daily overview Charts
CNCE Setup Rating and Analysis
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
CNCE Support and Resistance Analysis
3.16
When analyzing the support we can see 4 important 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.
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.
CNCE 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 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. |
CNCE Chart- and CandleStick Pattern Analysis
CNCE Technicals: Chart, Performance Metrics, Trend & Indicators
8.37
+0.01 (+0.12%)
CONCERT PHARMACEUTICALS INC / CNCE TA 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.
What is the RSI signal for CNCE stock?
CONCERT PHARMACEUTICALS INC (CNCE) has an RSI value of 66.6703. This indicates that the stock is currently neutral.
What is the short term momentum for CONCERT PHARMACEUTICALS INC (CNCE) stock?
The short term momentum for CONCERT PHARMACEUTICALS INC (CNCE) is positive.
What is the buy/sell signal for CONCERT PHARMACEUTICALS INC (CNCE) stock?
The buy/sell signal for CONCERT PHARMACEUTICALS INC (CNCE) is buy as both the short term and long term trends are positive.