Overall CPRX gets a technical rating of 8 out of 10. Although CPRX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CPRX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.43, a Stop Loss order could be placed below this zone.
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19.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.51 to 23.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.21 to 20.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.56 to 19.64. 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 CPRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CPRX is up. |
| ChartMill Relative Strength | 76.05 | POSITIVE | CPRX has a high relative strength, it outperformed 76.05% off all stocks 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) | 62.87 | NEUTRAL | The RSI value for CPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CPRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.57 | NEUTRAL | The Stochastics value for CPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.17 | POSITIVE | The high ADX value value for CPRX suggests a strong 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 |
|---|---|---|---|
| 23.93 | 22.50 | 1.43 (5.98%) | 16.73% |
| An entry @23.93. This is a Buy Stop order right above the 10 day high. | An exit @22.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.43 points, which is 5.98%. | For a 1.00% total portfolio risk, you can invest 16.73% 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.
23.53
+0.45 (+1.95%)
CATALYST PHARMACEUTICALS INC / CPRX FAQ
What is the ChartMill technical rating of CATALYST PHARMACEUTICALS INC (CPRX) stock?
ChartMill assigns a technical rating of 8 / 10 to CPRX.
What is the current trend direction of CATALYST PHARMACEUTICALS INC (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 62.874. This indicates that the stock is currently neutral.
What is the short term momentum for CATALYST PHARMACEUTICALS INC (CPRX) stock?
The short term momentum for CATALYST PHARMACEUTICALS INC (CPRX) is positive.
Can you provide the buy/sell signal for CATALYST PHARMACEUTICALS INC?
The buy/sell signal for CATALYST PHARMACEUTICALS INC (CPRX) is buy as both the short term and long term trends are positive.