CORBUS PHARMACEUTICALS HOLDI (CRBP) Technical Analysis
NASDAQ:CRBP • US21833P3010
Current stock price
CRBP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to CRBP. In the past year, CRBP was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, CRBP did better than 92% of all other stocks.
- CRBP is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 517 stocks in the same industry.
- In the last month CRBP has a been trading in the 7.87 - 10.50 range, which is quite wide. It is currently trading near the high of this range.
- CRBP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRBP is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CRBP Weekly and Daily overview Charts
CRBP Setup Rating and Analysis
CRBP has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CRBP Support and Resistance Analysis
7.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.10 to 10.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.40 from a trend line in the daily time frame.
- Support @7.73 from a trend line in the weekly time frame.
- Support @7.52 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.44 from a horizontal line in the daily time frame.
CRBP Technical Indicator Signal Analysis
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 CRBP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRBP is up. |
| ChartMill Relative Strength | 92.2 | POSITIVE | CRBP has a high relative strength, it outperformed 92.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRBP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.76 | NEUTRAL | The RSI value for CRBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CRBP has a positive trend. |
| Stochastics (14,3) | 78.14 | NEUTRAL | The Stochastics value for CRBP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.32 | HIGH VOLATILITY | The high ATR as a percentage value for CRBP suggests high volalility. |
| Average Directional Index/ADX (14) | 21.87 | NEUTRAL | The ADX value for CRBP suggests a possible start of a new trend. |
CRBP Chart- and CandleStick Pattern Analysis
CRBP Technicals: Chart, Performance Metrics, Trend & Indicators
10.17
+0.19 (+1.9%)
CORBUS PHARMACEUTICALS HOLDI / CRBP TA FAQ
What is the ChartMill technical rating of CORBUS PHARMACEUTICALS HOLDI (CRBP) stock?
ChartMill assigns a technical rating of 8 / 10 to CRBP.
Can you provide the trend direction for CORBUS PHARMACEUTICALS HOLDI?
The current trend direction for CORBUS PHARMACEUTICALS HOLDI (CRBP) is Bearish.
What is the RSI signal for CRBP stock?
CORBUS PHARMACEUTICALS HOLDI (CRBP) has an RSI value of 62.761. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CORBUS PHARMACEUTICALS HOLDI?
The MACD indicator for CORBUS PHARMACEUTICALS HOLDI (CRBP) has a value of 0.0922678, indicating a bearish trend.
What are the support and resistance levels for CORBUS PHARMACEUTICALS HOLDI (CRBP) stock?
CORBUS PHARMACEUTICALS HOLDI (CRBP) has a support level at 10.16 and a resistance level at 10.44. Check the full technical report for our detailed analysis of CRBP support and resistance levels.