CARGO THERAPEUTICS INC (CRGX) Technical Analysis
NASDAQ:CRGX • US14179K1016
Current stock price
CRGX Technical Rating and Analysis
Overall CRGX gets a technical rating of 1 out of 10. 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.
- 94% of all other stocks performed better in the past year than CRGX.
- CRGX is one of the lesser performing stocks in the Biotechnology industry. 80% of 516 stocks in the same industry do better.
- 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.
CRGX Weekly and Daily overview Charts
CRGX Setup Rating and Analysis
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
CRGX Support and Resistance Analysis
3.76
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.
When analyzing the resistance we notice 3 important areas.
- 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.
CRGX 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 | 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. |
CRGX Chart- and CandleStick Pattern Analysis
CRGX Technicals: Chart, Performance Metrics, Trend & Indicators
4.47
-0.07 (-1.54%)
CARGO THERAPEUTICS INC / CRGX TA FAQ
What is the ChartMill technical rating of CARGO THERAPEUTICS INC (CRGX) stock?
ChartMill assigns a technical rating of 1 / 10 to CRGX.
What is the trend direction for CRGX stock?
The current trend direction for CARGO THERAPEUTICS INC (CRGX) is Bearish.
What is the RSI signal for CRGX stock?
CARGO THERAPEUTICS INC (CRGX) has an RSI value of 49.3766. This indicates that the stock is currently neutral.
What is the short term momentum for CRGX stock?
The short term momentum for CARGO THERAPEUTICS INC (CRGX) is neutral.
What is the support and resistance level for CRGX stock?
CARGO THERAPEUTICS INC (CRGX) has a support level at 4.45 and a resistance level at 4.48. Check the full technical report for our detailed analysis of CRGX support and resistance levels.