CRONOS GROUP INC (CRON) Stock Technical Analysis
NASDAQ:CRON - Nasdaq - CA22717L1013 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CRON. In the last year, CRON was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, CRON is a bad performer in the overall market: 71% of all stocks are doing better.
In the last month CRON has a been trading in the 1.91 - 2.15 range, which is quite wide. It is currently trading near the lows of this range.
CRON has an average volume of 1901690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CRON is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, CRON did better than 55% of them.
CRON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRON is lagging the market.
Although the technical rating is only medium, CRON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 1.90, a Stop Loss order could be placed below this zone.
More info and screens
1.67
2.17
We found 2 important support areas.
- A support zone ranging from 1.90 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.12 to 2.15. 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 | NEUTRAL | NEUTRAL | The long term trend for CRON is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRON is neutral. |
| ChartMill Relative Strength | 29.6 | NEGATIVE | CRON has a low relative strength, it was outperformed by 70.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRON is below a declining 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) | DOWN | NEGATIVE | The current price of CRON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.41 | NEUTRAL | The RSI value for CRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRON has a negative trend. |
| Stochastics (14,3) | 25.6 | NEUTRAL | The Stochastics value for CRON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CRON suggests some volalility. |
| Average Directional Index/ADX (14) | 29.55 | 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)
1.93
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0%
1 Week-1.53%
2 Weeks0.52%
1 Month-9.81%
3 Month7.82%
6 Month-1.03%
12 Month-17.17%
2 Year-2.03%
3 Year-31.56%
5 Year-67.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%3.17%
ATR Inc-13.98%
Range Today0.03
ADR(20)0.06
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.6
Mansfield-1.09
10 Day High2.01
10 Day Low1.91
20 Day High2.15
20 Day Low1.91
52 Week High2.54
52 Week Low1.6
CS1 End1.9
CR1 Start2.07
Volume & EV
DER(3)-2.82%
DER(5)-3.57%
Volume1.28M
Volume Incr-31.62%
Vol(5)1.44M
Vol(50)1.90M