CATALYST PHARMACEUTICALS INC (CPRX) Stock Technical Analysis
NASDAQ:CPRX - Nasdaq - US14888U1016 - Common Stock - Currency: USD
Overall CPRX gets a technical rating of 1 out of 10. CPRX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CPRX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.96, a Stop Loss order could be placed below this zone.
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20.14
When analyzing the support we notice one important area.
- A support zone ranging from 20.34 to 20.96. 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 21.81 to 21.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.74 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for CPRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CPRX is down. |
| ChartMill Relative Strength | 47.79 | NEUTRAL | CPRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CPRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CPRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CPRX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.38 | NEUTRAL | The RSI value for CPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CPRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.11 | NEUTRAL | The Stochastics value for CPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.4 | POSITIVE | The high ADX value value for CPRX suggests a strong trend. |
20.97
-0.05 (-0.24%)