CASTLE BIOSCIENCES INC (CSTL) Stock Technical Analysis
NASDAQ:CSTL - Nasdaq - US14843C1053 - Common Stock - Currency: USD
Taking everything into account, CSTL scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CSTL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CSTL is a bad performer in the overall market: 76% of all stocks are doing better.
CSTL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CSTL has a been trading in the 15.45 - 19.38 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CSTL is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, CSTL did better than 40% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CSTL is bad and it also does not present a quality setup 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
15.94
22.20
2 important support areas can be observed.
- A support zone ranging from 18.75 to 19.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @21.98 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 | DOWN | NEGATIVE | The long term trend for CSTL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSTL is up. |
| ChartMill Relative Strength | 24.19 | NEGATIVE | CSTL has a low relative strength, it was outperformed by 75.81% 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) | DOWN | NEGATIVE | The current price of CSTL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.87 | NEUTRAL | The RSI value for CSTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests CSTL has a positive trend. |
| Stochastics (14,3) | 96.71 | OVERBOUGHT | The high Stochastics value suggests CSTL may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for CSTL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.94 | POSITIVE | The high ADX value value for CSTL 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)
19.27
+0.52 (+2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.77%
1 Week6.05%
2 Weeks18.44%
1 Month15.04%
3 Month-6.09%
6 Month-30%
12 Month-9.91%
2 Year40.45%
3 Year-12.21%
5 Year-48.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%3.45%
ATR Inc54.37%
Range Today1.07
ADR(20)0.65
ADR(20)%3.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.19
Mansfield-2.59
10 Day High19.38
10 Day Low15.94
20 Day High19.38
20 Day Low15.45
52 Week High35.84
52 Week Low15.45
CS1 End19.26
CR1 Start21.98
Volume & EV
DER(3)1.74%
DER(5)2.7%
Volume369.60K
Volume Incr10.86%
Vol(5)441.36K
Vol(50)465.14K