CONNECT BIOPHARMA HOLDINGS L (CNTB) Stock Technical Analysis
NASDAQ:CNTB • KYG235491019
Taking everything into account, CNTB scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month CNTB has a been trading in the 2.23 - 3.17 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that CNTB is one of the better performing stocks in the market, outperforming 95% of all stocks.
- CNTB is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 521 stocks in the same industry.
- CNTB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNTB is lagging the market slightly.
CNTB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.01
We found 3 important support areas.
- Support @2.22 from a trend line in the weekly time frame.
- A support zone ranging from 2.11 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.03 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.65 to 2.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.90 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 | UP | POSITIVE | The long term trend for CNTB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNTB is neutral. |
| ChartMill Relative Strength | 95.13 | POSITIVE | CNTB has a high relative strength, it outperformed 95.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNTB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNTB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNTB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.13 | NEUTRAL | The RSI value for CNTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CNTB has a negative trend. |
| Stochastics (14,3) | 27.58 | NEUTRAL | The Stochastics value for CNTB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.65 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for CNTB suggests a weak or negative trend. |
2.47
-0.05 (-1.98%)
CONNECT BIOPHARMA HOLDINGS L / CNTB FAQ
Can you provide the ChartMill technical rating for CONNECT BIOPHARMA HOLDINGS L?
ChartMill assigns a technical rating of 8 / 10 to CNTB.
What is the trend direction for CNTB stock?
The current trend direction for CONNECT BIOPHARMA HOLDINGS L (CNTB) is Bullish.
What is the RSI signal for CNTB stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has an RSI value of 47.1347. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONNECT BIOPHARMA HOLDINGS L?
The MACD indicator for CONNECT BIOPHARMA HOLDINGS L (CNTB) has a value of -0.0276345, indicating a bearish trend.
What is the support and resistance level for CNTB stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has a support level at 2.22 and a resistance level at 2.49. Check the full technical report for our detailed analysis of CNTB support and resistance levels.