CORCEPT THERAPEUTICS INC (CORT) Stock Technical Analysis
NASDAQ:CORT - Nasdaq - US2183521028 - Common Stock - Currency: USD
Taking everything into account, CORT scores 4 out of 10 in our technical rating. Although CORT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CORT has a been trading in the 62.40 - 73.78 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, CORT did better than 91% 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 87% of them.
CORT has an average volume of 1359880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CORT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CORT is lagging the market slightly.
CORT has an average technical rating and also 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
61.77
79.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 68.29 to 68.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.57 to 67.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.39 to 62.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 69.92 to 70.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.18 from a trend line in the daily time frame.
- A resistance zone ranging from 78.69 to 78.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for CORT is down. |
| ChartMill Relative Strength | 91.71 | POSITIVE | CORT has a high relative strength, it outperformed 91.71% 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) | 46.73 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CORT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.44 | NEUTRAL | The Stochastics value for CORT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CORT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.14 | 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)
69
+1.83 (+2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.72%
1 Week1.04%
2 Weeks-2.62%
1 Month-4.52%
3 Month-5.18%
6 Month3.11%
12 Month95.47%
2 Year110.82%
3 Year167.24%
5 Year443.31%
10 Year1280%
15 Year2373.12%
Volatility
ATR(14)2.56
ATR(20)%3.76%
ATR Inc177.4%
Range Today7.5
ADR(20)2.53
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.71
Mansfield1.09
10 Day High71.57
10 Day Low62.4
20 Day High73.78
20 Day Low62.4
52 Week High117.33
52 Week Low32.33
CS1 End68.69
CR1 Start69.92
Volume & EV
DER(3)0.19%
DER(5)-0.7%
Volume2.11M
Volume Incr-12.63%
Vol(5)1.26M
Vol(50)1.36M