CORBUS PHARMACEUTICALS HOLDI (CRBP) Stock Technical Analysis
NASDAQ:CRBP - Nasdaq - US21833P3010 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CRBP. In the past year, CRBP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
85% of all other stocks performed better in the past year than CRBP.
CRBP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CRBP is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CRBP is an average performer in the Biotechnology industry, it outperforms 53% of 557 stocks in the same industry.
In the last month CRBP has a been trading in the 7.05 - 9.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRBP has an average technical rating and also 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
5.24
9.34
We found 3 important support areas.
- A support zone ranging from 8.24 to 8.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.66 from a trend line in the daily time frame.
- Support @5.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.84 to 8.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.24 to 9.25. 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 | DOWN | NEGATIVE | The long term trend for CRBP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRBP is up. |
| ChartMill Relative Strength | 15.61 | NEGATIVE | CRBP has a low relative strength, it was outperformed by 84.39% 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) | DOWN | NEGATIVE | The current price of CRBP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.95 | NEUTRAL | The RSI value for CRBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CRBP has a negative trend. |
| Stochastics (14,3) | 57.97 | NEUTRAL | The Stochastics value for CRBP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for CRBP suggests high volalility. |
| Average Directional Index/ADX (14) | 32.83 | POSITIVE | The high ADX value value for CRBP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.31
+0.03 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.36%
1 Week-7.36%
2 Weeks-1.89%
1 Month9.78%
3 Month44.52%
6 Month-36.08%
12 Month-80.44%
2 Year5.99%
3 Year9.83%
5 Year-96.7%
10 Year-91.01%
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%6.1%
ATR Inc-25.09%
Range Today0.37
ADR(20)0.5
ADR(20)%5.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.61
Mansfield-6.38
10 Day High9.45
10 Day Low8.1
20 Day High9.45
20 Day Low7.05
52 Week High61.9
52 Week Low4.64
CS1 End8.3
CR1 Start8.84
Volume & EV
DER(3)-0.21%
DER(5)0.21%
Volume68.10K
Volume Incr-26.17%
Vol(5)94.50K
Vol(50)140.70K