CRINETICS PHARMACEUTICALS IN (CRNX) Stock Technical Analysis
NASDAQ:CRNX - Nasdaq - US22663K1079 - Common Stock - Currency: USD
Taking everything into account, CRNX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRNX was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than CRNX.
CRNX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRNX is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month CRNX has a been trading in the 29.05 - 34.34 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CRNX is an average performer in the Biotechnology industry, it outperforms 58% of 558 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
27.81
34.11
We found 4 important support areas.
- A support zone ranging from 31.07 to 31.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.46 from a trend line in the daily time frame.
- A support zone ranging from 29.50 to 29.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @33.77 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 | UP | POSITIVE | The short term trend for CRNX is up. |
| ChartMill Relative Strength | 20.14 | NEGATIVE | CRNX has a low relative strength, it was outperformed by 79.86% 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) | DOWN | MIXED | The current price of CRNX is above a declining 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) | 59.39 | NEUTRAL | The RSI value for CRNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests CRNX has a positive trend. |
| Stochastics (14,3) | 88.19 | OVERBOUGHT | The high Stochastics value suggests CRNX may be overbought. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CRNX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.59 | 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)
33.01
+0.69 (+2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.13%
1 Week8.19%
2 Weeks9.63%
1 Month0.95%
3 Month-0.81%
6 Month-43.93%
12 Month-26.17%
2 Year83.19%
3 Year77%
5 Year88.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%4.54%
ATR Inc-11.56%
Range Today0.83
ADR(20)1.46
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.14
Mansfield-2.97
10 Day High33.32
10 Day Low29.05
20 Day High34.34
20 Day Low29.05
52 Week High62.53
52 Week Low24.1
CS1 End31.16
CR1 Start33.77
Volume & EV
DER(3)1.91%
DER(5)1.79%
Volume496.60K
Volume Incr-34.01%
Vol(5)621.66K
Vol(50)972.30K