CONNECT BIOPHARMA HOLDINGS L (CNTB) Stock Technical Analysis
USA - NASDAQ:CNTB - US2075231017 - Common Stock
1.49 USD
+0.1 (+7.19%)
1.5 USD
+0.01 (+0.67%)
Taking everything into account, CNTB scores 2 out of 10 in our technical rating. CNTB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that CNTB is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CNTB is part of the Biotechnology industry. There are 536 other stocks in this industry, CNTB did better than 61% of them.
CNTB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNTB is lagging the market.
In the last month CNTB has a been trading in the 1.23 - 1.93 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 CNTB 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
1.30
1.69
When analyzing the support we can see 2 important areas.
- Support @1.34 from a trend line in the daily time frame.
- Support @1.31 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.54 to 1.55. 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 1.59 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.67 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 | NEUTRAL | NEUTRAL | The long term trend for CNTB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNTB is down. |
| ChartMill Relative Strength | 77.31 | POSITIVE | CNTB has a high relative strength, it outperformed 77.31% 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) | DOWN | NEGATIVE | The current price of CNTB is below a declining 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) | 43.82 | NEUTRAL | The RSI value for CNTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNTB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.08 | NEUTRAL | The Stochastics value for CNTB is a neutral value. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for CNTB suggests a weak or negative trend. |
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)
1.49
+0.1 (+7.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.19%
1 Week-5.7%
2 Weeks-5.1%
1 Month-14.86%
3 Month27.43%
6 Month136.51%
12 Month5.67%
2 Year2.64%
3 Year71.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%9.91%
ATR Inc-15.54%
Range Today0.11
ADR(20)0.14
ADR(20)%9.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.31
Mansfield1.57
10 Day High1.79
10 Day Low1.23
20 Day High1.93
20 Day Low1.23
52 Week High2.86
52 Week Low0.51
CS1 End1.34
CR1 Start1.54
Volume & EV
DER(3)-2.73%
DER(5)-3.28%
Volume37.80K
Volume Incr-0.14%
Vol(5)122.94K
Vol(50)135.17K