We assign a technical rating of 10 out of 10 to CNTB. Both in the recent history as in the last year, CNTB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although CNTB has an excellent technical rating, the quality of the presented setup is not ideal 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
1.64
2 important support areas can be observed.
- Support @1.74 from a trend line in the daily time frame.
- Support @1.66 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.74 from a horizontal 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 | UP | POSITIVE | The short term trend for CNTB is up. |
| ChartMill Relative Strength | 97.36 | POSITIVE | CNTB has a high relative strength, it outperformed 97.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNTB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNTB is above 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) | 60.56 | NEUTRAL | The RSI value for CNTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNTB has a positive trend. |
| Stochastics (14,3) | 84.68 | OVERBOUGHT | The high Stochastics value suggests CNTB may be overbought. |
| Average True Range in percent/ATR (20) | 7.96 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 19.54 | NEGATIVE | The low ADX value for CNTB suggests a weak or negative trend. |
2.69
-0.04 (-1.47%)
CONNECT BIOPHARMA HOLDINGS L / CNTB FAQ
Can you provide the ChartMill technical rating for CONNECT BIOPHARMA HOLDINGS L?
ChartMill assigns a technical rating of 10 / 10 to CNTB.
What is the current trend direction of CONNECT BIOPHARMA HOLDINGS L (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 60.561. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CONNECT BIOPHARMA HOLDINGS L?
The short term momentum for CONNECT BIOPHARMA HOLDINGS L (CNTB) is positive.
Can you provide the support and resistance levels for CONNECT BIOPHARMA HOLDINGS L?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has a support level at 1.74 and a resistance level at 2.74. Check the full technical report for our detailed analysis of CNTB support and resistance levels.