CORT Technical Analysis - CORCEPT THERAPEUTICS INC

Technical Rating and Analysis

Overall CORT gets a technical rating of 8 out of 10. In the last year, CORT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

When comparing the yearly performance of all stocks, we notice that CORT is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by CORT over the past year are nicely spread over this period.

CORT is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 79% of 195 stocks in the same industry.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

CORT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CORT is lagging the market.

In the last month CORT has a been trading in the 69.43 - 91.00 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CORCEPT THERAPEUTICS INC / CORT Weekly stock chart

CORCEPT THERAPEUTICS INC / CORT Daily stock chart

Setup Rating and Analysis

Although CORT 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

66.50

89.75

When analyzing the support we can see 3 important areas.

Support @73.86 from a trend line in the weekly time frame.
Support @72.61 from a trend line in the daily time frame.
A support zone ranging from 67.17 to 69.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 88.15 to 88.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for CORT is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CORT is neutral.
ChartMill Relative Strength	88.96	POSITIVE	CORT has a high relative strength, it outperformed 88.96% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CORT is below a declining 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)	48.89	NEUTRAL	The RSI value for CORT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.33	NEGATIVE	The MACD value suggests CORT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	41.23	NEUTRAL	The Stochastics value for CORT is a neutral value.
Average True Range in percent/ATR (20)	4.99	MEDIUM VOLATILITY	The ATR as a percentage value for CORT suggests some volalility.
Average Directional Index/ADX (14)	33.69	POSITIVE	The high ADX value value for CORT suggests a strong trend.