CARGO THERAPEUTICS INC (CRGX) Stock Technical Analysis
NASDAQ:CRGX - Nasdaq - US14179K1016 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CRGX. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRGX was also a bad performer in the overall market in the last year.
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: 92% of all stocks are doing better.
CRGX is part of the Biotechnology industry. There are 557 other stocks in this industry, of which 62% 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.
In the last month CRGX has a been trading in the 4.01 - 4.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRGX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
3.76
4.81
We found 2 important support areas.
- A support zone ranging from 3.98 to 4.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We can see 2 important resistance areas.
- Resistance @4.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.74 to 4.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 8.15 | NEGATIVE | CRGX has a low relative strength, it was outperformed by 91.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRGX is above the rising 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) | 52.82 | NEUTRAL | The RSI value for CRGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CRGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53 | NEUTRAL | The Stochastics value for CRGX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CRGX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.37 | 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)
4.42
+0.03 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.68%
1 Week-4.74%
2 Weeks3.27%
1 Month7.28%
3 Month5.74%
6 Month-70.34%
12 Month-70.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.18%
ATR Inc-0.71%
Range Today0.21
ADR(20)0.18
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.15
Mansfield-6.51
10 Day High4.76
10 Day Low4.3
20 Day High4.76
20 Day Low4.01
52 Week High25.45
52 Week Low3
CS1 End4.01
CR1 Start4.64
Volume & EV
DER(3)-3.79%
DER(5)-3.89%
Volume288.00K
Volume Incr-1.85%
Vol(5)684.78K
Vol(50)740.22K