CORBUS PHARMACEUTICALS HOLDI (CRBP) Technical Analysis
NASDAQ:CRBP • US21833P3010
Current stock price
CRBP Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to CRBP. CRBP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- CRBP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, CRBP did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CRBP is an average performer in the Biotechnology industry, it outperforms 60% of 516 stocks in the same industry.
CRBP Weekly and Daily overview Charts
CRBP Setup Rating and Analysis
Besides having an excellent technical rating, CRBP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.05, 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
CRBP Support and Resistance Analysis
7.81
We found 4 important support areas.
- A support zone ranging from 9.96 to 10.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.89 from a trend line in the daily time frame.
- Support @8.49 from a trend line in the daily time frame.
- Support @7.89 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.26 to 10.43. 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 10.60 to 10.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CRBP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRBP is up. |
| ChartMill Relative Strength | 75.37 | POSITIVE | CRBP has a high relative strength, it outperformed 75.37% 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 | MIXED | The current price of CRBP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.75 | 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. |
| Stochastics (14,3) | 50.22 | NEUTRAL | The Stochastics value for CRBP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.79 | HIGH VOLATILITY | The high ATR as a percentage value for CRBP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.34 | POSITIVE | The high ADX value value for CRBP suggests a strong trend. |
CRBP Chart- and CandleStick Pattern Analysis
CRBP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.44 | 9.95 | 0.49 (4.69%) | 21.31% |
| An entry @10.44. This is a Buy Stop order right above the resistance zone. | An exit @9.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 4.69%. | For a 1.00% total portfolio risk, you can invest 21.31% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CRBP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CRBP Technicals: Chart, Performance Metrics, Trend & Indicators
10.06
-0.16 (-1.57%)
CORBUS PHARMACEUTICALS HOLDI / CRBP TA FAQ
What is the ChartMill technical rating of CORBUS PHARMACEUTICALS HOLDI (CRBP) stock?
ChartMill assigns a technical rating of 7 / 10 to CRBP.
Can you provide the trend direction for CORBUS PHARMACEUTICALS HOLDI?
The current trend direction for CORBUS PHARMACEUTICALS HOLDI (CRBP) is Bullish.
What is the RSI signal for CRBP stock?
CORBUS PHARMACEUTICALS HOLDI (CRBP) has an RSI value of 53.7457. 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 -0.028322, 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 10.05 and a resistance level at 10.26. Check the full technical report for our detailed analysis of CRBP support and resistance levels.