CORCEPT THERAPEUTICS INC (CORT) Stock Technical Analysis
NASDAQ:CORT • US2183521028
We assign a technical rating of 0 out of 10 to CORT. CORT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 95% of all other stocks performed better in the past year than CORT.
- CORT is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 77% are performing better than CORT.
- CORT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- CORT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- CORT has an average volume of 2503730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CORT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CORT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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33.89
When analyzing the support we notice one important area.
- A support zone ranging from 34.23 to 34.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 36.49 to 36.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @88.15 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CORT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CORT is down. |
| ChartMill Relative Strength | 5.81 | NEGATIVE | CORT has a low relative strength, it was outperformed by 94.19% 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) | DOWN | NEGATIVE | The current price of CORT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CORT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.57 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests CORT has a positive trend. |
| Stochastics (14,3) | 54.6 | NEUTRAL | The Stochastics value for CORT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.64 | HIGH VOLATILITY | The high ATR as a percentage value for CORT suggests high volalility. |
| Average Directional Index/ADX (14) | 45.37 | POSITIVE | The high ADX value value for CORT suggests a strong trend. |
35.7
-0.08 (-0.22%)
CORCEPT THERAPEUTICS INC / CORT FAQ
What is the ChartMill technical rating of CORCEPT THERAPEUTICS INC (CORT) stock?
ChartMill assigns a technical rating of 0 / 10 to CORT.
Can you provide the trend direction for CORCEPT THERAPEUTICS INC?
The current trend direction for CORCEPT THERAPEUTICS INC (CORT) is Bearish.
Can you provide the RSI signal for CORCEPT THERAPEUTICS INC?
CORCEPT THERAPEUTICS INC (CORT) has an RSI value of 36.5738. This indicates that the stock is currently neutral.
What is the buy/sell signal for CORCEPT THERAPEUTICS INC (CORT) stock?
The buy/sell signal for CORCEPT THERAPEUTICS INC (CORT) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CORT stock?
CORCEPT THERAPEUTICS INC (CORT) has a support level at 34.8 and a resistance level at 36.49. Check the full technical report for our detailed analysis of CORT support and resistance levels.