CONNECT BIOPHARMA HOLDINGS L (CNTB) Stock Technical Analysis
NASDAQ:CNTB - Nasdaq - US2075231017 - ADR - Currency: USD
Taking everything into account, CNTB scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNTB was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CNTB is a bad performer in the overall market: 87% of all stocks are doing better.
CNTB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CNTB is an average performer in the Biotechnology industry, it outperforms 48% of 563 stocks in the same industry.
In the last month CNTB has a been trading in the 0.54 - 1.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CNTB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNTB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.73
1.41
We found 2 important support areas.
- A support zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.83 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.16 from a trend line in the daily time frame.
- Resistance @1.26 from a trend line in the daily time frame.
- Resistance @1.40 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.06
Mansfield-3.06
10 Day High0.85
10 Day Low0.65
20 Day High1
20 Day Low0.54
52 Week High2.08
52 Week Low0.51
Performance
1 Week-2.47%
2 Weeks6.04%
1 Month25.4%
3 Month-19.85%
6 Month-29.46%
12 Month-47.33%
2 Year-27.11%
3 Year-1.25%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)53.55
LBB0.69
UBB0.88
0.79
-0.04 (-4.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.25%
1 Week-2.47%
2 Weeks6.04%
1 Month25.4%
3 Month-19.85%
6 Month-29.46%
12 Month-47.33%
2 Year-27.11%
3 Year-1.25%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%11.72%
ATR Inc-63.29%
Range Today0.06
ADR(20)0.09
ADR(20)%11.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.06
Mansfield-3.06
10 Day High0.85
10 Day Low0.65
20 Day High1
20 Day Low0.54
52 Week High2.08
52 Week Low0.51
CS1 End0.78
CR1 Start0.83
Volume & EV
DER(3)4.47%
DER(5)9.12%
Volume59.20K
Volume Incr-78.75%
Vol(5)59.06K
Vol(50)125.12K