CRONOS GROUP INC (CRON) Stock Technical Analysis
NASDAQ:CRON - Nasdaq - CA22717L1013 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CRON. CRON performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
74% of all other stocks performed better in the past year than CRON.
In the last month CRON has a been trading in the 1.93 - 2.17 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
CRON has an average volume of 1421190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CRON is an average performer in the Pharmaceuticals industry, it outperforms 49% of 193 stocks in the same industry.
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 bad, CRON does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CRON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.70
2.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.96 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.85 to 1.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.72 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.04 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.13 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 | 26.61 | NEGATIVE | CRON has a low relative strength, it was outperformed by 73.39% 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) | DOWN | MIXED | The current price of CRON is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.42 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 17.99 | OVERSOLD | The low Stochastics value suggests CRON may be oversold. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CRON suggests some volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for CRON suggests a possible start of a new 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)
2.02
+0.07 (+3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.59%
1 Week-1.94%
2 Weeks-3.35%
1 Month-0.98%
3 Month2.02%
6 Month4.66%
12 Month-8.18%
2 Year-1.46%
3 Year-33.77%
5 Year-63.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%3.14%
ATR Inc51.59%
Range Today0.1
ADR(20)0.06
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.61
Mansfield-0.73
10 Day High2.17
10 Day Low1.93
20 Day High2.17
20 Day Low1.93
52 Week High2.46
52 Week Low1.6
CS1 End1.99
CR1 Start2.04
Volume & EV
DER(3)3.1%
DER(5)3.18%
Volume1.56M
Volume Incr-5.34%
Vol(5)1.31M
Vol(50)1.42M