CORCEPT THERAPEUTICS INC (CORT) Stock Technical Analysis
USA - NASDAQ:CORT - US2183521028 - Common Stock
75.11 USD
-0.01 (-0.01%)
75.11 USD
0 (0%)
Overall CORT gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
CORT is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, CORT did better than 69% of them.
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.
In the last month CORT has a been trading in the 67.00 - 79.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CORT has an excellent technical rating and also presents 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 75.10, a Stop Loss order could be placed below this zone.
More info and screens
66.50
85.70
4 important support areas can be observed.
- A support zone ranging from 74.21 to 75.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.53 to 72.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 68.29 to 69.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.17 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 75.54 to 77.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.01 from a horizontal line in the daily time frame.
- Resistance @84.85 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for CORT is neutral. |
| ChartMill Relative Strength | 85.93 | POSITIVE | CORT has a high relative strength, it outperformed 85.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CORT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CORT is below 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) | 48.51 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CORT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.05 | NEUTRAL | The Stochastics value for CORT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CORT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.39 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 77.64 | 74.20 | 3.44 (4.43%) | 22.57% |
| An entry @77.64. This is a Buy Stop order right above the resistance zone. | An exit @74.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.44 points, which is 4.43%. | When investing 22.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CORT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.11
-0.01 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.01%
1 Week-4.94%
2 Weeks5.64%
1 Month-0.37%
3 Month6.8%
6 Month-4.55%
12 Month30.54%
2 Year194.9%
3 Year197.11%
5 Year231.76%
10 Year1322.54%
15 Year1825.9%
Volatility
ATR(14)3.6
ATR(20)%4.32%
ATR Inc-40.94%
Range Today2.14
ADR(20)3.19
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.93
3 months CRS81.56
6 months CRS24.66
Mansfield0.2
10 Day High79.89
10 Day Low67
20 Day High79.89
20 Day Low67
52 Week High117.33
52 Week Low49
CS1 End75.1
CR1 Start75.54
Volume & EV
DER(3)0.4%
DER(5)0.55%
Volume471.00K
Volume Incr-41.5%
Vol(5)491.06K
Vol(50)881.65K
CORCEPT THERAPEUTICS INC / CORT FAQ
What is the ChartMill technical rating of CORCEPT THERAPEUTICS INC (CORT) stock?
ChartMill assigns a technical rating of 7 / 10 to CORT.
What is the trend direction for CORT stock?
The current trend direction for CORCEPT THERAPEUTICS INC (CORT) is Bullish.
Can you provide the RSI signal for CORCEPT THERAPEUTICS INC?
CORCEPT THERAPEUTICS INC (CORT) has an RSI value of 48.5051. This indicates that the stock is currently neutral.
What is the short term momentum for CORCEPT THERAPEUTICS INC (CORT) stock?
The short term momentum for CORCEPT THERAPEUTICS INC (CORT) is neutral.