CORT Technical Analysis - CORCEPT THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, CORT scores 6 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.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the yearly performance of all stocks, we notice that CORT is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, CORT also shows a nice and consistent pattern of rising prices.

CORT is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 196 stocks in the same industry.

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 67.32 - 74.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

CORCEPT THERAPEUTICS INC / CORT Weekly stock chart

CORCEPT THERAPEUTICS INC / CORT Daily stock chart

Setup Rating and Analysis

CORT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 69.01, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

66.50

75.07

We found 1 important support area.

A support zone ranging from 67.17 to 69.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 70.16 to 71.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @74.33 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for CORT is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CORT is neutral.
ChartMill Relative Strength	85.71	POSITIVE	CORT has a high relative strength, it outperformed 85.71% 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)	45.26	NEUTRAL	The RSI value for CORT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests CORT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	67.16	NEUTRAL	The Stochastics value for CORT is a neutral value.
Average True Range in percent/ATR (20)	2.99	MEDIUM VOLATILITY	The ATR as a percentage value for CORT suggests some volalility.
Average Directional Index/ADX (14)	10.9	NEGATIVE	The low ADX value for CORT suggests a weak or negative trend.