CORCEPT THERAPEUTICS INC (CORT) Stock Technical Analysis
NASDAQ:CORT - Nasdaq - US2183521028 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CORT. 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!
Looking at the yearly performance, CORT did better than 94% 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 195 other stocks in this industry. CORT outperforms 92% of them.
CORT has an average volume of 1513900 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 currently trading near new highs, so CORT is lagging the market.
In the last month CORT has a been trading in the 66.50 - 86.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CORT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 72.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CORT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
58.52
79.48
When analyzing the support we can see 4 important areas.
- A support zone ranging from 69.01 to 73.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.91 from a trend line in the weekly time frame.
- Support @60.71 from a trend line in the weekly time frame.
- Support @59.11 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @74.19 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 | 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 | 94.99 | POSITIVE | CORT has a high relative strength, it outperformed 94.99% 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 | 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) | 51.94 | NEUTRAL | The RSI value for CORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CORT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.1 | NEUTRAL | The Stochastics value for CORT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for CORT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.04 | POSITIVE | The high ADX value value for CORT suggests a strong 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 |
|---|---|---|---|
| 74.84 | 72.00 | 2.84 (3.79%) | 25.00% |
| An entry @74.84. This is a Buy Stop order right above the resistance zone. | An exit @72.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.84 points, which is 3.79%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
73.4
+0.18 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.25%
1 Week-1.18%
2 Weeks4.77%
1 Month-5.36%
3 Month-1.41%
6 Month44.33%
12 Month144.02%
2 Year229.89%
3 Year208.66%
5 Year336.39%
10 Year1121.3%
15 Year2252.56%
Volatility
ATR(14)2.67
ATR(20)%4.57%
ATR Inc-2.39%
Range Today2.07
ADR(20)3.35
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.99
Mansfield2.32
10 Day High77.42
10 Day Low69.47
20 Day High86.2
20 Day Low66.5
52 Week High117.33
52 Week Low29.42
CS1 End72.8
CR1 Start74.83
Volume & EV
DER(3)3.72%
DER(5)2.33%
Volume1.02M
Volume Incr113.13%
Vol(5)3.06M
Vol(50)1.51M