CORCEPT THERAPEUTICS INC (CORT) Stock Technical Analysis
NASDAQ:CORT - Nasdaq - US2183521028 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CORT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CORT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CORT is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, CORT also shows a nice and consistent pattern of rising prices.
CORT is part of the Pharmaceuticals industry. There are 198 other stocks in this industry. CORT outperforms 96% of them.
In the last month CORT has a been trading in the 67.00 - 77.02 range, which is quite wide. It is currently trading near the high of this range.
CORT has an average volume of 1686270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CORT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 76.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.23, a Stop Loss order could be placed below this zone.
More info and screens
56.55
76.98
We found 4 important support areas.
- A support zone ranging from 69.40 to 70.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.94 to 60.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.11 from a trend line in the weekly time frame.
- Support @57.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 76.10 to 76.22. 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 | UP | POSITIVE | The long term trend for CORT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORT is up. |
| ChartMill Relative Strength | 98.12 | POSITIVE | CORT has a high relative strength, it outperformed 98.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CORT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CORT is above 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) | 58.84 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests CORT has a positive trend. |
| Stochastics (14,3) | 91.19 | OVERBOUGHT | The high Stochastics value suggests CORT may be overbought. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for CORT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | 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 |
|---|---|---|---|
| 76.23 | 68.85 | 7.39 (9.69%) | 10.32% |
| An entry @76.23. This is a Buy Stop order right above the resistance zone. | An exit @68.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.39 points, which is 9.69%. | For a 1.00% total portfolio risk, you can invest 10.32% of your capital in this trade. |
- 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.
76.09
+0.29 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.38%
1 Week3.72%
2 Weeks6.6%
1 Month5.99%
3 Month19.75%
6 Month32.24%
12 Month176.49%
2 Year223.93%
3 Year265.12%
5 Year402.58%
10 Year1143.3%
15 Year2255.73%
Volatility
ATR(14)3.06
ATR(20)%4.07%
ATR Inc-25.23%
Range Today2.68
ADR(20)3.08
ADR(20)%4.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.12
Mansfield4.67
10 Day High77.02
10 Day Low68.86
20 Day High77.02
20 Day Low67
52 Week High117.33
52 Week Low28.04
CS1 End70.23
CR1 Start76.1
Volume & EV
DER(3)-2.1%
DER(5)-0.81%
Volume889.10K
Volume Incr-32.8%
Vol(5)909.74K
Vol(50)1.69M