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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CRBP is a bad performer in the overall market: 92% of all stocks are doing better.
CRBP is one of the lesser performing stocks in the Biotechnology industry. 68% of 550 stocks in the same industry do better.
CRBP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CRBP has a been trading in the 8.37 - 10.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CRBP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
5.43
9.69
3 important support areas can be observed.
- A support zone ranging from 8.42 to 8.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.94 from a trend line in the daily time frame.
- Support @5.48 from a trend 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 | DOWN | NEGATIVE | The long term trend for CRBP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRBP is neutral. |
| ChartMill Relative Strength | 8.27 | NEGATIVE | CRBP has a low relative strength, it was outperformed by 91.73% 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) | 61.53 | NEUTRAL | The RSI value for CRBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CRBP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.74 | NEUTRAL | The Stochastics value for CRBP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for CRBP suggests high volalility. |
| Average Directional Index/ADX (14) | 24.4 | NEUTRAL | The ADX value for CRBP suggests a possible start of a new 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)
9.59
+0.63 (+7.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.03%
1 Week5.27%
2 Weeks3.56%
1 Month12.56%
3 Month30.65%
6 Month12.69%
12 Month-82.08%
2 Year31.37%
3 Year58.56%
5 Year-96.56%
10 Year-83.26%
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%6.3%
ATR Inc-15.86%
Range Today0.78
ADR(20)0.59
ADR(20)%6.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.27
Mansfield-4.07
10 Day High9.8
10 Day Low8.37
20 Day High10.06
20 Day Low8.37
52 Week High61.89
52 Week Low4.64
CS1 End8.59
CR1 StartN/A
Volume & EV
DER(3)-2.7%
DER(5)-3.64%
Volume154.11K
Volume Incr-21.22%
Vol(5)96.38K
Vol(50)162.44K