CATALYST PHARMACEUTICALS INC (CPRX) Stock Technical Analysis
NASDAQ:CPRX • US14888U1016
Taking everything into account, CPRX scores 3 out of 10 in our technical rating. CPRX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month CPRX has a been trading in the 22.27 - 25.53 range, which is quite wide. It is currently trading near the lows of this range.
- CPRX has an average volume of 1252430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, CPRX outperforms 50% of them, which is more or less in line with the market.
- CPRX is an average performer in the Biotechnology industry, it outperforms 52% of 520 stocks in the same industry.
- 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.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CPRX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.36
We found 3 important support areas.
- 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 @21.03 from a trend line in the weekly time frame.
- Support @19.56 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.27 to 24.35. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for CPRX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPRX is neutral. |
| ChartMill Relative Strength | 50.94 | 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 | MIXED | The current price of CPRX is above a declining 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) | 48.08 | NEUTRAL | The RSI value for CPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CPRX has a negative trend. |
| Stochastics (14,3) | 51.38 | NEUTRAL | The Stochastics value for CPRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CPRX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for CPRX suggests a weak or negative trend. |
23.88
+0.8 (+3.47%)
CATALYST PHARMACEUTICALS INC / CPRX FAQ
What is the ChartMill technical rating of CATALYST PHARMACEUTICALS INC (CPRX) stock?
ChartMill assigns a technical rating of 3 / 10 to CPRX.
What is the trend direction for CPRX stock?
The current trend direction for CATALYST PHARMACEUTICALS INC (CPRX) is Bearish.
Can you provide the RSI signal for CATALYST PHARMACEUTICALS INC?
CATALYST PHARMACEUTICALS INC (CPRX) has an RSI value of 48.0833. 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 -0.0988094, indicating a bearish trend.