We assign a technical rating of 5 out of 10 to CNTB. In the last year, CNTB was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- CNTB is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 524 stocks in the same industry.
- CNTB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNTB is lagging the market slightly.
- Looking at the yearly performance, CNTB did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month CNTB has a been trading in the 2.02 - 2.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
CNTB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.14, a Stop Loss order could be placed below this zone.
More info and screens
1.79
We found 3 important support areas.
- A support zone ranging from 2.11 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.92 from a trend line in the daily time frame.
- Support @1.81 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 | NEUTRAL | NEUTRAL | The short term trend for CNTB is neutral. |
| ChartMill Relative Strength | 97.17 | POSITIVE | CNTB has a high relative strength, it outperformed 97.17% 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) | 45.63 | 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. |
| Stochastics (14,3) | 41.88 | NEUTRAL | The Stochastics value for CNTB is a neutral value. |
| Average True Range in percent/ATR (20) | 11.27 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 12.8 | NEGATIVE | The low ADX value for CNTB suggests a weak or negative trend. |
2.3
-0.03 (-1.29%)
CONNECT BIOPHARMA HOLDINGS L / CNTB FAQ
Can you provide the ChartMill technical rating for CONNECT BIOPHARMA HOLDINGS L?
ChartMill assigns a technical rating of 5 / 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 CNTB stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has an RSI value of 45.631. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONNECT BIOPHARMA HOLDINGS L?
The MACD indicator for CONNECT BIOPHARMA HOLDINGS L (CNTB) has a value of -0.01021, indicating a bearish trend.
What is the support and resistance level for CNTB stock?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has a support level at 2.14. Check the full technical report for our detailed analysis of CNTB support and resistance levels.