Overall CORT 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, CORT is showing a nice and steady performance.
Besides having an excellent technical rating, CORT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 87.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.99, a Stop Loss order could be placed below this zone.
More info and screens
66.87
We found 6 important support areas.
- A support zone ranging from 80.41 to 82.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.10 to 78.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.68 to 75.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.52 from a horizontal line in the weekly time frame.
- Support @69.01 from a horizontal line in the daily time frame.
- Support @67.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 87.11 to 88.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 90.32 to 90.32. This zone is formed by a combination of multiple trend lines 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 CORT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORT is up. |
| ChartMill Relative Strength | 89.39 | POSITIVE | CORT has a high relative strength, it outperformed 89.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CORT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CORT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CORT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.71 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CORT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.43 | NEUTRAL | The Stochastics value for CORT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CORT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for CORT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 88.16 | 80.40 | 7.76 (8.80%) | 11.36% |
| An entry @88.16. This is a Buy Stop order right above the resistance zone. | An exit @80.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.76 points, which is 8.80%. | For a 1.00% total portfolio risk, you can invest 11.36% of your capital in this trade. |
- 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.
85.11
+1.35 (+1.61%)
CORCEPT THERAPEUTICS INC / CORT FAQ
What is the ChartMill technical rating of CORCEPT THERAPEUTICS INC (CORT) stock?
ChartMill assigns a technical rating of 10 / 10 to CORT.
What is the trend direction for CORT stock?
The current trend direction for CORCEPT THERAPEUTICS INC (CORT) is Bullish.
Can you provide the RSI signal for CORCEPT THERAPEUTICS INC?
CORCEPT THERAPEUTICS INC (CORT) has an RSI value of 57.7143. This indicates that the stock is currently neutral.
What is the short term momentum for CORCEPT THERAPEUTICS INC (CORT) stock?
The short term momentum for CORCEPT THERAPEUTICS INC (CORT) is positive.
Can you provide the buy/sell signal for CORCEPT THERAPEUTICS INC?
The buy/sell signal for CORCEPT THERAPEUTICS INC (CORT) is buy as both the short term and long term trends are positive.