CORCEPT THERAPEUTICS INC (CORT) Stock Technical Analysis
NASDAQ:CORT - Nasdaq - US2183521028 - Common Stock - Currency: USD
Taking everything into account, CORT scores 5 out of 10 in our technical rating. 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.
In the last month CORT has a been trading in the 66.49 - 75.95 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, CORT did better than 90% of all other stocks. We also observe that the gains produced by CORT over the past year are nicely spread over this period.
CORT is part of the Pharmaceuticals industry. There are 194 other stocks in this industry. CORT outperforms 83% of them.
CORT has an average volume of 1336540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
Considerably lower volume is observed in the last couple of days.
CORT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 68.28, a Stop Loss order could be placed below this zone.
More info and screens
61.32
79.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 67.54 to 68.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.90 from a trend line in the weekly time frame.
- A support zone ranging from 61.94 to 62.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 69.77 to 70.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.30 to 73.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.66 from a trend line in the daily time frame.
- Resistance @76.77 from a horizontal line in the daily time frame.
- Resistance @78.69 from a horizontal 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 CORT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CORT is down. |
| ChartMill Relative Strength | 90.57 | POSITIVE | CORT has a high relative strength, it outperformed 90.57% 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) | UP | POSITIVE | The current price of CORT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.18 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests CORT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.46 | OVERSOLD | The low Stochastics value suggests CORT may be oversold. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for CORT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.75 | NEGATIVE | The low ADX value for CORT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
68.29
+0.7 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.04%
1 Week-3.63%
2 Weeks-4.99%
1 Month-8.13%
3 Month-4.77%
6 Month13.84%
12 Month91.83%
2 Year168.01%
3 Year138.28%
5 Year356.79%
10 Year1254.96%
15 Year2001.23%
Volatility
ATR(14)2.05
ATR(20)%3.55%
ATR Inc-39.6%
Range Today1.14
ADR(20)2.36
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.57
Mansfield0.8
10 Day High73.78
10 Day Low67.44
20 Day High75.95
20 Day Low66.49
52 Week High117.33
52 Week Low32.33
CS1 End68.28
CR1 Start69.77
Volume & EV
DER(3)0.32%
DER(5)-0.37%
Volume395.50K
Volume Incr-57.48%
Vol(5)649.16K
Vol(50)1.34M