CRINETICS PHARMACEUTICALS IN (CRNX) Technical Analysis
NASDAQ:CRNX • US22663K1079
We assign a technical rating of 1 out of 10 to CRNX. CRNX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month CRNX has a been trading in the 39.03 - 50.15 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CRNX has an average volume of 1211750 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 43% of them, which is more or less in line with the market.
- CRNX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, CRNX did better than 52% 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.
The technical rating of CRNX is bad and it also does not present a quality setup 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.50 to 39.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.89 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 41.77 to 42.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 43.45 to 44.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.46 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for CRNX is down. |
| ChartMill Relative Strength | 43.57 | NEUTRAL | CRNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRNX is below a declining 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) | 28.93 | OVERSOLD | The low RSI value suggests CRNX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests CRNX has a negative trend. |
| Stochastics (14,3) | 10.28 | OVERSOLD | The low Stochastics value suggests CRNX may be oversold. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for CRNX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.85 | POSITIVE | The high ADX value value for CRNX suggests a strong trend. |
CRNX Technicals: Chart, Performance Metrics, Trend & Indicators
39.51
-0.61 (-1.52%)
CRINETICS PHARMACEUTICALS IN / CRNX FAQ
What is the ChartMill technical rating of CRINETICS PHARMACEUTICALS IN (CRNX) stock?
ChartMill assigns a technical rating of 1 / 10 to CRNX.
Can you provide the trend direction for CRINETICS PHARMACEUTICALS IN?
The current trend direction for CRINETICS PHARMACEUTICALS IN (CRNX) is Bearish.
What is the RSI signal for CRNX stock?
CRINETICS PHARMACEUTICALS IN (CRNX) has an RSI value of 28.9309. This indicates that the stock is currently oversold.
What is the buy/sell signal for CRNX stock?
The buy/sell signal for CRINETICS PHARMACEUTICALS IN (CRNX) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CRNX stock?
CRINETICS PHARMACEUTICALS IN (CRNX) has a support level at 39.5 and a resistance level at 41.77. Check the full technical report for our detailed analysis of CRNX support and resistance levels.