We assign a technical rating of 7 out of 10 to CRNX. Although CRNX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CRNX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 50.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.95, a Stop Loss order could be placed below this zone.
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26.62
We found 6 important support areas.
- A support zone ranging from 47.08 to 47.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.13 from a trend line in the daily time frame.
- A support zone ranging from 44.15 to 45.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.86 from a horizontal line in the daily time frame.
- Support @28.34 from a trend line in the daily time frame.
- Support @26.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.50 to 50.50. 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 | UP | POSITIVE | The short term trend for CRNX is up. |
| ChartMill Relative Strength | 34.74 | NEUTRAL | CRNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRNX is above the rising 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) | 54.53 | NEUTRAL | The RSI value for CRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CRNX has a negative trend. |
| Stochastics (14,3) | 68.93 | NEUTRAL | The Stochastics value for CRNX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for CRNX suggests a strong 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 |
|---|---|---|---|
| 50.51 | 47.07 | 3.44 (6.81%) | 14.68% |
| An entry @50.51. This is a Buy Stop order right above the resistance zone. | An exit @47.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.44 points, which is 6.81%. | For a 1.00% total portfolio risk, you can invest 14.68% of your capital in this trade. |
- 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.
47.96
-0.75 (-1.54%)
CRINETICS PHARMACEUTICALS IN / CRNX FAQ
What is the ChartMill technical rating of CRINETICS PHARMACEUTICALS IN (CRNX) stock?
ChartMill assigns a technical rating of 7 / 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 54.5324. 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 positive.
Can you provide the buy/sell signal for CRINETICS PHARMACEUTICALS IN?
The buy/sell signal for CRINETICS PHARMACEUTICALS IN (CRNX) is buy as both the short term and long term trends are positive.