CRONOS GROUP INC (CRON) Stock Technical Analysis
USA - NASDAQ:CRON - CA22717L1013 - Common Stock
2.62 USD
-0.05 (-1.87%)
2.6006 USD
-0.02 (-0.74%)
Taking everything into account, CRON scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CRON has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
CRON is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 72% of 197 stocks in the same industry.
CRON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CRON has a been trading in the 2.46 - 2.71 range, which is quite wide. It is currently trading near the high of this range.
CRON has an average volume of 2580680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CRON is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CRON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.70
2.71
5 important support areas can be observed.
- A support zone ranging from 2.47 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.09 from a trend line in the daily time frame.
- Support @2.04 from a trend line in the weekly time frame.
- Support @1.91 from a horizontal line in the daily time frame.
- Support @1.72 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @2.63 from a horizontal line in the weekly time frame.
- Resistance @2.68 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 | UP | POSITIVE | The long term trend for CRON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRON is up. |
| ChartMill Relative Strength | 84.86 | POSITIVE | CRON has a high relative strength, it outperformed 84.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.27 | NEUTRAL | The RSI value for CRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CRON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.56 | NEUTRAL | The Stochastics value for CRON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for CRON suggests some volalility. |
| Average Directional Index/ADX (14) | 36.88 | POSITIVE | The high ADX value value for CRON 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)
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 |
|---|---|---|---|
| 2.64 | 2.46 | 0.18 (6.82%) | 14.67% |
| An entry @2.64. This is a Buy Stop order right above the resistance zone. | An exit @2.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 6.82%. | For a 1.00% total portfolio risk, you can invest 14.67% 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.
2.62
-0.05 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.87%
1 Week3.56%
2 Weeks4.8%
1 Month2.34%
3 Month40.86%
6 Month46.37%
12 Month21.86%
2 Year31%
3 Year-7.09%
5 Year-47.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.82%
ATR Inc23.53%
Range Today0.09
ADR(20)0.1
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.86
Mansfield1.46
10 Day High2.71
10 Day Low2.46
20 Day High2.71
20 Day Low2.46
52 Week High2.77
52 Week Low1.6
CS1 End2.49
CR1 Start2.63
Volume & EV
DER(3)-5.51%
DER(5)-2.28%
Volume2.21M
Volume Incr-44.48%
Vol(5)1.68M
Vol(50)2.58M