CRBP Technical Analysis - CORBUS PHARMACEUTICALS HOLDI

Technical Rating and Analysis

Overall CRBP gets a technical rating of 8 out of 10. Although CRBP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month CRBP has a been trading in the 9.05 - 13.49 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, CRBP did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

CRBP is part of the Biotechnology industry. There are 536 other stocks in this industry, CRBP did better than 64% of them.

CRBP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRBP is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CORBUS PHARMACEUTICALS HOLDI / CRBP Weekly stock chart

CORBUS PHARMACEUTICALS HOLDI / CRBP Daily stock chart

Setup Rating and Analysis

Although CRBP has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.02

13.14

When analyzing the support we can see 3 important areas.

A support zone ranging from 9.98 to 10.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @9.37 from a horizontal line in the daily time frame.
Support @9.11 from a trend line in the daily time frame.

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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	79.38	POSITIVE	CRBP has a high relative strength, it outperformed 79.38% 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	MIXED	The current price of CRBP is above a declining SMA(200).
Relative Strength Index/RSI (14)	79.31	OVERBOUGHT	The high RSI value suggests CRBP may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests CRBP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.12	OVERBOUGHT	The high Stochastics value suggests CRBP may be overbought.
Average True Range in percent/ATR (20)	5.5	HIGH VOLATILITY	The high ATR as a percentage value for CRBP suggests high volalility.
Average Directional Index/ADX (14)	29.04	POSITIVE	The high ADX value value for CRBP suggests a strong trend.