CRINETICS PHARMACEUTICALS IN (CRNX) Stock Technical Analysis
NASDAQ:CRNX - Nasdaq - US22663K1079 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CRNX. In the past year, CRNX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% of all other stocks performed better in the past year than CRNX.
CRNX is one of the lesser performing stocks in the Biotechnology industry. 60% of 556 stocks in the same industry do better.
CRNX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CRNX has a been trading in the 28.34 - 33.49 range, which is quite wide. It is currently trading near the high of this range.
CRNX has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
26.62
34.10
We found 3 important support areas.
- A support zone ranging from 28.89 to 29.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.43 from a horizontal line in the daily time frame.
- Support @26.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.56 to 31.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.75 to 33.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @33.76 from a horizontal line in the daily time frame.
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 CRNX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRNX is neutral. |
| ChartMill Relative Strength | 9.83 | NEGATIVE | CRNX has a low relative strength, it was outperformed by 90.17% off all stocks 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) | DOWN | NEGATIVE | The current price of CRNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.75 | NEUTRAL | The RSI value for CRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CRNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.26 | NEUTRAL | The Stochastics value for CRNX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for CRNX 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)
31.11
-1.91 (-5.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.78%
1 Week-2.57%
2 Weeks4.4%
1 Month2%
3 Month2.27%
6 Month-16.71%
12 Month-40.92%
2 Year63.74%
3 Year61.95%
5 Year124.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.48
ATR(20)%4.38%
ATR Inc44.48%
Range Today2.38
ADR(20)1.34
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.83
Mansfield-3.31
10 Day High33.49
10 Day Low28.98
20 Day High33.49
20 Day Low28.34
52 Week High62.53
52 Week Low24.1
CS1 End29.03
CR1 Start31.56
Volume & EV
DER(3)-2.67%
DER(5)-1.84%
Volume923.60K
Volume Incr20.18%
Vol(5)903.48K
Vol(50)801.18K