Overall CNTB gets a technical rating of 9 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.
CNTB has an excellent technical rating, but the quality of the setup is only medium 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
1.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.77 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.61 from a trend line in the daily time frame.
- Support @1.55 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 | 96.85 | POSITIVE | CNTB has a high relative strength, it outperformed 96.85% 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) | 68.07 | NEUTRAL | The RSI value for CNTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CNTB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.92 | NEUTRAL | The Stochastics value for CNTB is a neutral value. |
| Average True Range in percent/ATR (20) | 10.18 | HIGH VOLATILITY | The high ATR as a percentage value for CNTB suggests high volalility. |
| Average Directional Index/ADX (14) | 36.7 | POSITIVE | The high ADX value value for CNTB suggests a strong trend. |
2.81
-0.02 (-0.71%)
CONNECT BIOPHARMA HOLDINGS L / CNTB FAQ
Can you provide the ChartMill technical rating for CONNECT BIOPHARMA HOLDINGS L?
ChartMill assigns a technical rating of 9 / 10 to CNTB.
What is the current trend direction of CONNECT BIOPHARMA HOLDINGS L (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 68.0662. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CONNECT BIOPHARMA HOLDINGS L?
The short term momentum for CONNECT BIOPHARMA HOLDINGS L (CNTB) is positive.
Can you provide the support and resistance levels for CONNECT BIOPHARMA HOLDINGS L?
CONNECT BIOPHARMA HOLDINGS L (CNTB) has a support level at 2.8. Check the full technical report for our detailed analysis of CNTB support and resistance levels.