CRINETICS PHARMACEUTICALS IN (CRNX) Stock Technical Analysis
USA - NASDAQ:CRNX - US22663K1079 - Common Stock
42.85 USD
+0.4 (+0.94%)
42.85 USD
0 (0%)
Taking everything into account, CRNX scores 8 out of 10 in our technical rating. Although CRNX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
CRNX has an average volume of 1515980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CRNX outperforms 58% of them, which is more or less in line with the market.
CRNX is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, CRNX did better than 61% of them.
CRNX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRNX is lagging the market.
In the last month CRNX has a been trading in the 34.52 - 47.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CRNX has an excellent technical rating, the quality of the presented setup is not ideal 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
46.38
We found 4 important support areas.
- A support zone ranging from 41.56 to 41.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.95 to 38.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.63 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 2 important areas.
- Resistance @44.62 from a trend line in the weekly time frame.
- A resistance zone ranging from 45.91 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 | UP | POSITIVE | The short term trend for CRNX is up. |
| ChartMill Relative Strength | 58.09 | 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) | DOWN | MIXED | The current price of CRNX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for CRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests CRNX has a negative trend. |
| Stochastics (14,3) | 34.25 | NEUTRAL | The Stochastics value for CRNX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for CRNX suggests high volalility. |
| Average Directional Index/ADX (14) | 41.19 | POSITIVE | The high ADX value value for CRNX suggests a strong 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)
42.85
+0.4 (+0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.94%
1 Week-2.72%
2 Weeks0.82%
1 Month19.49%
3 Month38.27%
6 Month32.29%
12 Month-26.07%
2 Year46.3%
3 Year132.12%
5 Year254.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%5.56%
ATR Inc3.78%
Range Today1.63
ADR(20)2.17
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.09
Mansfield0.07
10 Day High46.05
10 Day Low40.72
20 Day High47.41
20 Day Low34.52
52 Week High62.53
52 Week Low24.1
CS1 End41.56
CR1 Start44.62
Volume & EV
DER(3)-0.51%
DER(5)-0.94%
Volume724.00K
Volume Incr-49.11%
Vol(5)1.12M
Vol(50)1.52M