CARIBOU BIOSCIENCES INC (CRBU) Stock Technical Analysis
NASDAQ:CRBU • US1420381089
Taking everything into account, CRBU scores 2 out of 10 in our technical rating. CRBU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- 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.
- CRBU has an average volume of 1075940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CRBU turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- CRBU is part of the Biotechnology industry. There are 521 other stocks in this industry, CRBU did better than 57% of them.
- CRBU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRBU is lagging the market.
- In the last month CRBU has a been trading in the 1.38 - 1.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CRBU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.46, a Stop Loss order could be placed below this zone.
More info and screens
1.37
2 important support areas can be observed.
- A support zone ranging from 1.44 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.62 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.68 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 CRBU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRBU is neutral. |
| ChartMill Relative Strength | 57.77 | NEUTRAL | CRBU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRBU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRBU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CRBU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.64 | NEUTRAL | The RSI value for CRBU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CRBU has a positive trend. |
| Stochastics (14,3) | 56.48 | NEUTRAL | The Stochastics value for CRBU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.97 | HIGH VOLATILITY | The high ATR as a percentage value for CRBU suggests high volalility. |
| Average Directional Index/ADX (14) | 13.12 | NEGATIVE | The low ADX value for CRBU suggests a weak or negative trend. |
1.62
+0.07 (+4.52%)
CARIBOU BIOSCIENCES INC / CRBU FAQ
Can you provide the ChartMill technical rating for CARIBOU BIOSCIENCES INC?
ChartMill assigns a technical rating of 2 / 10 to CRBU.
What is the trend direction for CRBU stock?
The current trend direction for CARIBOU BIOSCIENCES INC (CRBU) is Bearish.
Can you provide the RSI signal for CARIBOU BIOSCIENCES INC?
CARIBOU BIOSCIENCES INC (CRBU) has an RSI value of 52.6411. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARIBOU BIOSCIENCES INC?
The MACD indicator for CARIBOU BIOSCIENCES INC (CRBU) has a value of 0.015472, indicating a bearish trend.