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. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRBP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CRBP is a bad performer in the overall market: 94% of all stocks are doing better.
CRBP is part of the Biotechnology industry. There are 560 other stocks in this industry, of which 64% are performing better 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 short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month CRBP has a been trading in the 6.10 - 8.12 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.
Although the technical rating is only medium, CRBP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.22, a Stop Loss order could be placed below this zone.
More info and screens
5.16
8.17
We found 3 important support areas.
- A support zone ranging from 7.20 to 7.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.87 from a trend line in the daily time frame.
- Support @5.21 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @7.24 from a trend line in the daily time frame.
- A resistance zone ranging from 7.55 to 7.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.77 from a horizontal line in the daily time frame.
- Resistance @8.09 from a horizontal 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 | UP | POSITIVE | The short term trend for CRBP is up. |
| ChartMill Relative Strength | 6.7 | NEGATIVE | CRBP has a low relative strength, it was outperformed by 93.3% 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) | 51.82 | NEUTRAL | The RSI value for CRBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRBP has a negative trend. |
| Stochastics (14,3) | 59.71 | NEUTRAL | The Stochastics value for CRBP is a neutral value. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for CRBP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.85 | 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)
7.23
-0.13 (-1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.77%
1 Week-4.49%
2 Weeks-0.41%
1 Month0.42%
3 Month-4.24%
6 Month-59.43%
12 Month-83.11%
2 Year-23.65%
3 Year-20.57%
5 Year-96.77%
10 Year-92.72%
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%8%
ATR Inc-34.45%
Range Today0.27
ADR(20)0.56
ADR(20)%7.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.7
Mansfield-7.1
10 Day High8.12
10 Day Low6.76
20 Day High8.12
20 Day Low6.1
52 Week High61.9
52 Week Low4.64
CS1 End7.22
CR1 Start7.24
Volume & EV
DER(3)-0.27%
DER(5)-0.76%
Volume92.60K
Volume Incr-33.28%
Vol(5)95.26K
Vol(50)172.84K