CRINETICS PHARMACEUTICALS IN (CRNX) Stock Technical Analysis
USA - NASDAQ:CRNX - US22663K1079 - Common Stock
Taking everything into account, CRNX scores 6 out of 10 in our technical rating. In the last year, CRNX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CRNX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 43.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.01, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
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3 important support areas can be observed.
- A support zone ranging from 39.99 to 40.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.86 from a trend line in the daily time frame.
- Support @26.89 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.04 to 43.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 45.92 to 45.92. 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 | UP | POSITIVE | The long term trend for CRNX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRNX is neutral. |
| ChartMill Relative Strength | 67.54 | NEUTRAL | CRNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRNX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.91 | NEUTRAL | The RSI value for CRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests CRNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.04 | NEUTRAL | The Stochastics value for CRNX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for CRNX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for CRNX suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 43.67 | 39.98 | 3.69 (8.45%) | 11.83% |
| An entry @43.67. This is a Buy Stop order right above the resistance zone. | An exit @39.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.69 points, which is 8.45%. | When investing 11.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
42.94
+1.49 (+3.59%)
CRINETICS PHARMACEUTICALS IN / CRNX FAQ
What is the ChartMill technical rating of CRINETICS PHARMACEUTICALS IN (CRNX) stock?
ChartMill assigns a technical rating of 6 / 10 to CRNX.
What is the current trend direction of CRINETICS PHARMACEUTICALS IN (CRNX) stock?
The current trend direction for CRINETICS PHARMACEUTICALS IN (CRNX) is Bullish.
What is the RSI signal for CRINETICS PHARMACEUTICALS IN (CRNX) stock?
CRINETICS PHARMACEUTICALS IN (CRNX) has an RSI value of 53.9068. This indicates that the stock is currently neutral.
What is the short term momentum for CRINETICS PHARMACEUTICALS IN (CRNX) stock?
The short term momentum for CRINETICS PHARMACEUTICALS IN (CRNX) is neutral.