CONNECT BIOPHARMA HOLDINGS L (CNTB) Stock Technical Analysis
NASDAQ:CNTB - Nasdaq - US2075231017 - ADR - Currency: USD
Overall CNTB gets a technical rating of 9 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
CNTB is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 558 stocks in the same industry.
CNTB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CNTB has a been trading in the 0.91 - 1.89 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, CNTB did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CNTB has an excellent technical rating, it does not offer a high 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
0.85
1.74
When analyzing the support we can see 2 important areas.
- Support @0.92 from a trend line in the daily time frame.
- Support @0.86 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 | UP | POSITIVE | The short term trend for CNTB is up. |
| ChartMill Relative Strength | 95.47 | POSITIVE | CNTB has a high relative strength, it outperformed 95.47% 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) | 72.34 | OVERBOUGHT | The high RSI value suggests CNTB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CNTB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.38 | OVERBOUGHT | The high Stochastics value suggests CNTB may be overbought. |
| Average True Range in percent/ATR (20) | 8.47 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 47.55 | POSITIVE | The high ADX value value for CNTB suggests a strong 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)
1.72
-0.14 (-7.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-7.53%
1 Week13.16%
2 Weeks47.1%
1 Month71.98%
3 Month132.68%
6 Month63.81%
12 Month35.43%
2 Year77.32%
3 Year110.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%8.47%
ATR Inc105.54%
Range Today0.22
ADR(20)0.14
ADR(20)%8.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.47
Mansfield5.26
10 Day High1.89
10 Day Low1.05
20 Day High1.89
20 Day Low0.91
52 Week High1.89
52 Week Low0.51
CS1 End0.92
CR1 StartN/A
Volume & EV
DER(3)5.61%
DER(5)6.66%
Volume264.10K
Volume Incr92.09%
Vol(5)299.98K
Vol(50)124.44K