CENTESSA PHARMACEUTICALS-ADR (CNTA) Technical Analysis
NASDAQ:CNTA • US1523091007
Current stock price
CNTA Technical Rating and Analysis
Overall CNTA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CNTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CNTA did better than 97% of all other stocks. We also observe that the gains produced by CNTA over the past year are nicely spread over this period.
- CNTA is part of the Biotechnology industry. There are 515 other stocks in this industry. CNTA outperforms 89% of them.
- CNTA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CNTA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- CNTA has an average volume of 2934880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CNTA has a been trading in a tight range between 39.16 and 40.26.
CNTA Weekly and Daily overview Charts
CNTA Setup Rating and Analysis
Besides having an excellent technical rating, CNTA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.45, a Stop Loss order could be placed below this zone.
More info and screens
CNTA Support and Resistance Analysis
15.35
4 important support areas can be observed.
- A support zone ranging from 39.42 to 39.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.24 to 27.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.12 to 22.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.50 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.48 to 39.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CNTA 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 CNTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNTA is up. |
| ChartMill Relative Strength | 97.32 | POSITIVE | CNTA has a high relative strength, it outperformed 97.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNTA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.36 | OVERBOUGHT | The high RSI value suggests CNTA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests CNTA has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for CNTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CNTA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.31 | POSITIVE | The high ADX value value for CNTA suggests a strong trend. |
CNTA Chart- and CandleStick Pattern Analysis
CNTA 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 |
|---|---|---|---|
| 39.52 | 39.41 | 0.11 (0.29%) | 25.00% |
| An entry @39.52. This is a Buy Stop order right above the 10 day moving average. | An exit @39.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 0.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%. |
- The distance between exit and entry is rather small compared to the average daily movement of CNTA. Please evaluate whether better entry and exit points can be found.
- 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.
CNTA Technicals: Chart, Performance Metrics, Trend & Indicators
39.46
-0.05 (-0.13%)
CENTESSA PHARMACEUTICALS-ADR / CNTA TA FAQ
What is the ChartMill technical rating of CENTESSA PHARMACEUTICALS-ADR (CNTA) stock?
ChartMill assigns a technical rating of 10 / 10 to CNTA.
What is the trend direction for CNTA stock?
The current trend direction for CENTESSA PHARMACEUTICALS-ADR (CNTA) is Bullish.
What is the RSI signal for CNTA stock?
CENTESSA PHARMACEUTICALS-ADR (CNTA) has an RSI value of 73.3626. This indicates that the stock is currently overbought.
What is the MACD signal for CENTESSA PHARMACEUTICALS-ADR (CNTA) stock?
The MACD indicator for CENTESSA PHARMACEUTICALS-ADR (CNTA) has a value of -0.451499, indicating a bearish trend.
What is the buy/sell signal for CNTA stock?
The buy/sell signal for CENTESSA PHARMACEUTICALS-ADR (CNTA) is buy as both the short term and long term trends are positive.