CORBUS PHARMACEUTICALS HOLDI (CRBP) Stock Technical Analysis
NASDAQ:CRBP • US21833P3010
We assign a technical rating of 0 out of 10 to CRBP. CRBP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CRBP is a bad performer in the overall market: 85% of all stocks are doing better.
- CRBP is part of the Biotechnology industry. There are 523 other stocks in this industry, of which 61% are performing better than CRBP.
- CRBP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CRBP has a been trading in the 7.26 - 9.57 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
CRBP has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
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7.31
When analyzing the support we notice one important area.
- A support zone ranging from 7.38 to 7.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.85 to 7.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.79 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for CRBP is down. |
| ChartMill Relative Strength | 15.74 | NEGATIVE | CRBP has a low relative strength, it was outperformed by 84.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRBP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CRBP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.71 | NEUTRAL | The RSI value for CRBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CRBP has a negative trend. |
| Stochastics (14,3) | 16.87 | OVERSOLD | The low Stochastics value suggests CRBP may be oversold. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for CRBP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for CRBP suggests a weak or negative trend. |
7.56
-0.27 (-3.45%)
CORBUS PHARMACEUTICALS HOLDI / CRBP FAQ
What is the ChartMill technical rating of CORBUS PHARMACEUTICALS HOLDI (CRBP) stock?
ChartMill assigns a technical rating of 0 / 10 to CRBP.
Can you provide the trend direction for CORBUS PHARMACEUTICALS HOLDI?
The current trend direction for CORBUS PHARMACEUTICALS HOLDI (CRBP) is Bearish.
Can you provide the RSI signal for CORBUS PHARMACEUTICALS HOLDI?
CORBUS PHARMACEUTICALS HOLDI (CRBP) has an RSI value of 38.714. This indicates that the stock is currently neutral.
What is the MACD signal for CRBP stock?
The MACD indicator for CORBUS PHARMACEUTICALS HOLDI (CRBP) has a value of -0.0396526, indicating a bearish trend.
What is the short term momentum for CRBP stock?
The short term momentum for CORBUS PHARMACEUTICALS HOLDI (CRBP) is negative.