Cardiome Pharma Corp. (CRME) Technical Analysis
NASDAQ:CRME
Current stock price
CRME Technical Rating and Analysis
Overall CRME gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRME is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month CRME has a been trading in the 2.06 - 2.45 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, CRME turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- CRME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRME is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CRME Weekly and Daily overview Charts
CRME Setup Rating and Analysis
Besides having an excellent technical rating, CRME also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CRME Support and Resistance Analysis
1.45
4 important support areas can be observed.
- A support zone ranging from 2.29 to 2.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.20 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.10 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.46 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @2.35 from a trend line in the daily time frame.
- A resistance zone ranging from 2.40 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.07 from a trend line in the weekly time frame.
CRME 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 | UP | POSITIVE | The long term trend for CRME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRME is up. |
| ChartMill Relative Strength | 65.17 | NEUTRAL | CRME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRME is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRME is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.45 | NEUTRAL | The RSI value for CRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRME has a negative trend. |
| Stochastics (14,3) | 86.27 | OVERBOUGHT | The high Stochastics value suggests CRME may be overbought. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CRME suggests some volalility. |
CRME Chart- and CandleStick Pattern Analysis
CRME Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.36 | 2.28 | 0.08 (3.39%) | 25.00% |
| An entry @2.36. This is a Buy Stop order right above the resistance zone. | An exit @2.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 3.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- The distance between exit and entry is rather small compared to the average daily movement of CRME. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CRME Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CRME (5/16/2018, 8:04:41 PM)
2.33
-0.05 (-2.1%)
Cardiome Pharma Corp. / CRME TA FAQ
What is the ChartMill technical rating of Cardiome Pharma Corp. (CRME) stock?
ChartMill assigns a technical rating of 7 / 10 to CRME.
What is the current trend direction of Cardiome Pharma Corp. (CRME) stock?
The current trend direction for Cardiome Pharma Corp. (CRME) is Bullish.
Can you provide the RSI signal for Cardiome Pharma Corp.?
Cardiome Pharma Corp. (CRME) has an RSI value of 56.4532. This indicates that the stock is currently neutral.
What is the short term momentum for CRME stock?
The short term momentum for Cardiome Pharma Corp. (CRME) is positive.
Can you provide the support and resistance levels for Cardiome Pharma Corp.?
Cardiome Pharma Corp. (CRME) has a support level at 2.32 and a resistance level at 2.35. Check the full technical report for our detailed analysis of CRME support and resistance levels.