CONNECT BIOPHARMA HOLDINGS L (CNTB) Technical Analysis
NASDAQ:CNTB • KYG235491019
Current stock price
CNTB Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to CNTB. Although CNTB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month CNTB has a been trading in the 2.33 - 3.15 range, which is quite wide. It is currently trading near the lows of this range.
- 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 part of the Biotechnology industry. There are 516 other stocks in this industry. CNTB outperforms 87% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
- Considerably lower volume is observed in the last couple of days.
CNTB Weekly and Daily overview Charts
CNTB Setup Rating and Analysis
Although the technical rating is bad, CNTB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.46, a Stop Loss order could be placed below this zone.
More info and screens
CNTB Support and Resistance Analysis
2.37
When analyzing the support we notice one important area.
- A support zone ranging from 2.39 to 2.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.52 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
CNTB 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 | 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 | 95.84 | POSITIVE | CNTB has a high relative strength, it outperformed 95.84% 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) | 42.23 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 19.05 | OVERSOLD | The low Stochastics value suggests CNTB may be oversold. |
| Average True Range in percent/ATR (20) | 9.61 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for CNTB suggests a weak or negative trend. |
CNTB Chart- and CandleStick Pattern Analysis
CNTB Technicals: Chart, Performance Metrics, Trend & Indicators
2.47
0 (0%)
CONNECT BIOPHARMA HOLDINGS L / CNTB TA FAQ
Can you provide the ChartMill technical rating for CONNECT BIOPHARMA HOLDINGS L?
ChartMill assigns a technical rating of 3 / 10 to CNTB.
What is the trend direction for CNTB stock?
The current trend direction for CONNECT BIOPHARMA HOLDINGS L (CNTB) is Bearish.
What is the RSI signal for CONNECT BIOPHARMA HOLDINGS L (CNTB) stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has an RSI value of 42.2323. This indicates that the stock is currently neutral.
What is the short term momentum for CNTB stock?
The short term momentum for CONNECT BIOPHARMA HOLDINGS L (CNTB) is negative.
What are the support and resistance levels for CONNECT BIOPHARMA HOLDINGS L (CNTB) stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has a support level at 2.46 and a resistance level at 2.52. Check the full technical report for our detailed analysis of CNTB support and resistance levels.