CARGO THERAPEUTICS INC (CRGX) Stock Technical Analysis
NASDAQ:CRGX - US14179K1016 - Common Stock
4.47 USD
-0.07 (-1.54%)
4.47 USD
0 (0%)
Taking everything into account, CRGX scores 1 out of 10 in our technical rating. CRGX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CRGX is a bad performer in the overall market: 94% of all stocks are doing better.
CRGX is part of the Biotechnology industry. There are 542 other stocks in this industry, of which 73% are performing better than CRGX.
CRGX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CRGX 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CRGX has an average volume of 1930870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CRGX has a been trading in a tight range between 4.40 and 4.57.
The technical rating of CRGX is bad and it also does not present a quality setup 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.
More info and screens
3.76
4.81
4 important support areas can be observed.
- A support zone ranging from 4.43 to 4.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.25 from a trend line in the daily time frame.
- Support @4.01 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.80 to 3.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.48 to 4.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.75 to 4.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CRGX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRGX is neutral. |
| ChartMill Relative Strength | 6.01 | NEGATIVE | CRGX has a low relative strength, it was outperformed by 93.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRGX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.38 | NEUTRAL | The RSI value for CRGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CRGX has a negative trend. |
| Stochastics (14,3) | 37.88 | NEUTRAL | The Stochastics value for CRGX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for CRGX suggests low volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for CRGX suggests a weak or negative 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)
4.47
-0.07 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.54%
1 Week-0.22%
2 Weeks-0.22%
1 Month-1.11%
3 Month9.02%
6 Month18.57%
12 Month-75.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%1.19%
ATR Inc150.94%
Range Today0.07
ADR(20)0.05
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.01
Mansfield-5.94
10 Day High4.57
10 Day Low4.45
20 Day High4.57
20 Day Low4.4
52 Week High25.45
52 Week Low3
CS1 End4.45
CR1 Start4.48
Volume & EV
DER(3)5.89%
DER(5)3.28%
Volume10.92M
Volume Incr77.71%
Vol(5)3.24M
Vol(50)1.93M