CARGO THERAPEUTICS INC (CRGX) Stock Technical Analysis
NASDAQ:CRGX - Nasdaq - US14179K1016 - Common Stock - Currency: USD
Overall CRGX gets a technical rating of 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
90% of all other stocks performed better in the past year than CRGX.
CRGX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CRGX is lagging the market.
CRGX is an average performer in the Biotechnology industry, it outperforms 47% of 562 stocks in the same industry.
In the last month CRGX has a been trading in the 3.77 - 4.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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. There is a support zone below the current price at 3.88, a Stop Loss order could be placed below this zone.
More info and screens
3.76
4.70
When analyzing the support we notice one important area.
- A support zone ranging from 3.80 to 3.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.65 to 4.65. 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 | DOWN | NEGATIVE | The short term trend for CRGX is down. |
| ChartMill Relative Strength | 10.84 | NEGATIVE | CRGX has a low relative strength, it was outperformed by 89.16% 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 | NEGATIVE | The current price of CRGX is below 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) | 45.7 | 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. |
| Stochastics (14,3) | 52.07 | NEUTRAL | The Stochastics value for CRGX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for CRGX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.15 | 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)
4.1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-0.49%
2 Weeks1.99%
1 Month-9.09%
3 Month8.75%
6 Month-74.74%
12 Month-80.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%4.88%
ATR Inc-24.4%
Range Today0.16
ADR(20)0.2
ADR(20)%4.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.84
Mansfield-6.9
10 Day High4.31
10 Day Low3.78
20 Day High4.66
20 Day Low3.78
52 Week High25.45
52 Week Low3
CS1 End3.88
CR1 Start4.65
Volume & EV
DER(3)-0.58%
DER(5)-1.26%
Volume357.30K
Volume Incr-36.26%
Vol(5)496.34K
Vol(50)785.43K