CONNECT BIOPHARMA HOLDINGS L (CNTB) Technical Analysis
NASDAQ:CNTB • KYG235491019
Current stock price
CNTB Technical Rating and Analysis
Overall CNTB gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNTB is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, CNTB did better than 98% of all other stocks. We also observe that the gains produced by CNTB over the past year are nicely spread over this period.
- CNTB is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 517 stocks in the same industry.
- CNTB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CNTB is performing more or less in line with the market.
- In the last month CNTB has a been trading in the 2.46 - 3.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CNTB Weekly and Daily overview Charts
CNTB Setup Rating and Analysis
Besides having an excellent technical rating, CNTB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.70, a Stop Loss order could be placed below this zone.
More info and screens
CNTB Support and Resistance Analysis
2.37
2 important support areas can be observed.
- A support zone ranging from 2.61 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.39 from a trend line in the weekly 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 | 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 | 98.47 | POSITIVE | CNTB has a high relative strength, it outperformed 98.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNTB is above the rising 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) | 52.82 | 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) | 17.85 | OVERSOLD | The low Stochastics value suggests CNTB may be oversold. |
| Average True Range in percent/ATR (20) | 10.63 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 17.82 | NEGATIVE | The low ADX value for CNTB suggests a weak or negative trend. |
CNTB Chart- and CandleStick Pattern Analysis
CNTB Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.07 | 2.60 | 0.47 (15.23%) | 6.57% |
| An entry @3.07. This is a Buy Stop order right above the 10 day moving average. | An exit @2.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 15.23%. | For a 1.00% total portfolio risk, you can invest 6.57% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CNTB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CNTB Technicals: Chart, Performance Metrics, Trend & Indicators
2.99
+0.27 (+9.93%)
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 10 / 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 CONNECT BIOPHARMA HOLDINGS L (CNTB) stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has an RSI value of 52.8238. 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 neutral.
What are the support and resistance levels for CONNECT BIOPHARMA HOLDINGS L (CNTB) stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has a support level at 2.7. Check the full technical report for our detailed analysis of CNTB support and resistance levels.