Taking everything into account, CNSP scores 2 out of 10 in our technical rating. In the past year, CNSP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CNSP is a bad performer in the overall market: 96% of all stocks are doing better.
- CNSP is one of the lesser performing stocks in the Pharmaceuticals industry. 81% of 191 stocks in the same industry do better.
- CNSP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month CNSP has a been trading in the 5.15 - 8.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CNSP is bad and it also does not present a quality setup 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
6.97
We can see 2 important resistance areas.
- A resistance zone ranging from 7.80 to 7.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.80 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CNSP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNSP is neutral. |
| ChartMill Relative Strength | 4.01 | NEGATIVE | CNSP has a low relative strength, it was outperformed by 95.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNSP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.08 | NEUTRAL | The RSI value for CNSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CNSP has a positive trend. |
| Stochastics (14,3) | 61.89 | NEUTRAL | The Stochastics value for CNSP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for CNSP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for CNSP suggests a strong trend. |
7.04
-0.33 (-4.48%)
CNS PHARMACEUTICALS INC / CNSP FAQ
What is the technical rating for CNSP stock?
ChartMill assigns a technical rating of 2 / 10 to CNSP.
What is the trend direction for CNSP stock?
The current trend direction for CNS PHARMACEUTICALS INC (CNSP) is Bearish.
What is the RSI signal for CNS PHARMACEUTICALS INC (CNSP) stock?
CNS PHARMACEUTICALS INC (CNSP) has an RSI value of 60.0784. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CNS PHARMACEUTICALS INC?
The short term momentum for CNS PHARMACEUTICALS INC (CNSP) is neutral.
Can you provide the support and resistance levels for CNS PHARMACEUTICALS INC?
CNS PHARMACEUTICALS INC (CNSP) has a resistance level at 7.8. Check the full technical report for our detailed analysis of CNSP support and resistance levels.