CARGO THERAPEUTICS INC (CRGX) Stock Technical Analysis
USA - NASDAQ:CRGX - US14179K1016 - Common Stock
Taking everything into account, CRGX scores 1 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 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.
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3.76
We found 4 important support areas.
- 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.
We can see 3 important resistance 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.
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. |
4.47
-0.07 (-1.54%)
CARGO THERAPEUTICS INC / CRGX FAQ
What is the ChartMill technical rating of CARGO THERAPEUTICS INC (CRGX) stock?
ChartMill assigns a technical rating of 1 / 10 to CRGX.
Can you provide the trend direction for CARGO THERAPEUTICS INC?
The current trend direction for CARGO THERAPEUTICS INC (CRGX) is Bearish.
Can you provide the RSI signal for CARGO THERAPEUTICS INC?
CARGO THERAPEUTICS INC (CRGX) has an RSI value of 49.3766. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARGO THERAPEUTICS INC?
The MACD indicator for CARGO THERAPEUTICS INC (CRGX) has a value of -0.00415833, indicating a bearish trend.
What are the support and resistance levels for CARGO THERAPEUTICS INC (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.