CRONOS GROUP INC (CRON) Stock Technical Analysis
NASDAQ:CRON - Nasdaq - CA22717L1013 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CRON. Although CRON is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
62% of all other stocks performed better in the past year than CRON.
The long and short term trends are both positive. This is looking good!
In the last month CRON has a been trading in the 1.87 - 2.17 range, which is quite wide. It is currently trading near the high of this range.
CRON has an average volume of 1646290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CRON is an average performer in the Pharmaceuticals industry, it outperforms 52% of 194 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.
CRON has an excellent technical rating, but the quality of the setup is only medium 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
1.70
2.17
We found 4 important support areas.
- A support zone ranging from 1.97 to 2.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.93 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.11 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 | 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 | 38.01 | NEUTRAL | CRON is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CRON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.3 | NEUTRAL | The RSI value for CRON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CRON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.41 | NEUTRAL | The Stochastics value for CRON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CRON suggests some volalility. |
| Average Directional Index/ADX (14) | 28.53 | 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)
2.09
-0.05 (-2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.34%
1 Week3.98%
2 Weeks0.48%
1 Month10.58%
3 Month16.11%
6 Month10%
12 Month-13.64%
2 Year7.73%
3 Year-33.65%
5 Year-68.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.98%
ATR Inc36.1%
Range Today0.09
ADR(20)0.06
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.01
Mansfield-0.57
10 Day High2.17
10 Day Low1.99
20 Day High2.17
20 Day Low1.87
52 Week High2.5
52 Week Low1.6
CS1 End2.07
CR1 Start2.11
Volume & EV
DER(3)-1.97%
DER(5)-2.39%
Volume2.17M
Volume Incr24.38%
Vol(5)1.57M
Vol(50)1.65M