We assign a technical rating of 9 out of 10 to CSTL. Both in the recent history as in the last year, CSTL has proven to be a steady performer, scoring decent points in every aspect analyzed.
CSTL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for CSTL 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.
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22.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.01 to 38.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.27 from a trend line in the daily time frame.
- Support @23.21 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 39.96 to 39.96. 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 CSTL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSTL is up. |
| ChartMill Relative Strength | 93.49 | POSITIVE | CSTL has a high relative strength, it outperformed 93.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSTL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSTL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.63 | NEUTRAL | The RSI value for CSTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests CSTL has a negative trend. |
| Stochastics (14,3) | 63.41 | NEUTRAL | The Stochastics value for CSTL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CSTL suggests some volalility. |
| Average Directional Index/ADX (14) | 55.96 | POSITIVE | The high ADX value value for CSTL suggests a strong trend. |
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 |
|---|---|---|---|
| 39.97 | 38.00 | 1.97 (4.93%) | 20.29% |
| An entry @39.97. This is a Buy Stop order right above the resistance zone. | An exit @38.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.97 points, which is 4.93%. | For a 1.00% total portfolio risk, you can invest 20.29% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CSTL. Please evaluate whether better entry and exit points can be found.
- 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.
38.02
-0.23 (-0.6%)
CASTLE BIOSCIENCES INC / CSTL FAQ
What is the technical rating for CSTL stock?
ChartMill assigns a technical rating of 9 / 10 to CSTL.
What is the trend direction for CSTL stock?
The current trend direction for CASTLE BIOSCIENCES INC (CSTL) is Bullish.
Can you provide the RSI signal for CASTLE BIOSCIENCES INC?
CASTLE BIOSCIENCES INC (CSTL) has an RSI value of 65.631. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CASTLE BIOSCIENCES INC?
The short term momentum for CASTLE BIOSCIENCES INC (CSTL) is positive.
Can you provide the support and resistance levels for CASTLE BIOSCIENCES INC?
CASTLE BIOSCIENCES INC (CSTL) has a support level at 38.01 and a resistance level at 39.96. Check the full technical report for our detailed analysis of CSTL support and resistance levels.