CARGO THERAPEUTICS INC (CRGX) Stock Technical Analysis
NASDAQ:CRGX - Nasdaq - US14179K1016 - Common Stock - Currency: USD
Taking everything into account, CRGX scores 2 out of 10 in our technical rating. CRGX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
94% of all other stocks performed better in the past year than CRGX.
CRGX is part of the Biotechnology industry. There are 550 other stocks in this industry, of which 71% 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.
CRGX has an average volume of 1704160 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 4.65.
Although the technical rating is bad, CRGX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.76
4.81
We found 4 important support areas.
- A support zone ranging from 4.39 to 4.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.22 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.47 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 | 6.66 | NEGATIVE | CRGX has a low relative strength, it was outperformed by 93.34% 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) | UP | POSITIVE | The current price of CRGX is above the rising 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) | 48.24 | NEUTRAL | The RSI value for CRGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRGX has a negative trend. |
| Stochastics (14,3) | 33.24 | NEUTRAL | The Stochastics value for CRGX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for CRGX suggests low volalility. |
| Average Directional Index/ADX (14) | 13.6 | 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)
4.46
-0.02 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.45%
1 Week0%
2 Weeks-0.67%
1 Month-3.25%
3 Month8.25%
6 Month20.54%
12 Month-73.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.16%
ATR Inc-28.57%
Range Today0.04
ADR(20)0.05
ADR(20)%1.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.66
Mansfield-6.04
10 Day High4.52
10 Day Low4.45
20 Day High4.65
20 Day Low4.4
52 Week High25.45
52 Week Low3
CS1 End4.45
CR1 Start4.47
Volume & EV
DER(3)-0.1%
DER(5)-1.13%
Volume1.81M
Volume Incr-29.92%
Vol(5)1.42M
Vol(50)1.70M