CATALYST PHARMACEUTICALS INC (CPRX) Stock Technical Analysis
NASDAQ:CPRX • US14888U1016
Taking everything into account, CPRX scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CPRX is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month CPRX has a been trading in the 22.33 - 25.53 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CPRX has an average volume of 1255120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CPRX outperforms 53% of them, which is more or less in line with the market.
- CPRX is part of the Biotechnology industry. There are 522 other stocks in this industry, CPRX did better than 58% of them.
- CPRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CPRX is lagging the market.
CPRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 23.69, a Stop Loss order could be placed below this zone.
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19.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.29 to 23.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.35 to 22.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.84 from a trend line in the weekly time frame.
- Support @19.56 from a horizontal line in the weekly 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 CPRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPRX is neutral. |
| ChartMill Relative Strength | 53.9 | NEUTRAL | CPRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.32 | NEUTRAL | The RSI value for CPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CPRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.24 | NEUTRAL | The Stochastics value for CPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for CPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for CPRX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 24.43 | 23.28 | 1.15 (4.71%) | 21.23% |
| An entry @24.43. This is a Buy Stop order right above the 10 day moving average. | An exit @23.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.15 points, which is 4.71%. | When investing 21.23% 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 CPRX. 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.
24.33
+0.73 (+3.09%)
CATALYST PHARMACEUTICALS INC / CPRX FAQ
What is the ChartMill technical rating of CATALYST PHARMACEUTICALS INC (CPRX) stock?
ChartMill assigns a technical rating of 6 / 10 to CPRX.
What is the trend direction for CPRX stock?
The current trend direction for CATALYST PHARMACEUTICALS INC (CPRX) is Bullish.
Can you provide the RSI signal for CATALYST PHARMACEUTICALS INC?
CATALYST PHARMACEUTICALS INC (CPRX) has an RSI value of 53.322. This indicates that the stock is currently neutral.
What is the MACD signal for CATALYST PHARMACEUTICALS INC (CPRX) stock?
The MACD indicator for CATALYST PHARMACEUTICALS INC (CPRX) has a value of -0.0799351, indicating a bearish trend.