CTI BIOPHARMA CORP (CTIC)       5.72  -0.1 (-1.72%)

5.72  -0.1 (-1.72%)

US12648L6011 - Common Stock - After market: 5.72 0 (0%)

Technical Rating

6

Overall CTIC gets a technical rating of 6 out of 10. CTIC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CTIC is one of the better performing stocks in the market, outperforming 98% of all stocks.
CTIC is part of the Biotechnology industry. There are 639 other stocks in this industry. CTIC outperforms 96% of them.
CTIC has an average volume of 2759160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTIC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month CTIC has a been trading in the 5.21 - 6.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 3.25% 15.32% -12.54% 188.89% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.82 1.82 - 7.8
CTIC Weekly chart
CTIC Daily chart

Support/Resistance Analysis


4.93

6.23
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 5.67 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 5.36 to 5.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @5.23 from a horizontal line in the daily time frame.
  • Support @4.98 from a trend line in the daily time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 5.74 to 5.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 6.02 to 6.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @6.17 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is only medium, CTIC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
5.845.660.18 (3.08%)25.00%
An entry @5.84. This is a Buy Stop order right above the resistance zone.An exit @5.66. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.18 points, which is 3.08%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%.

  • The distance between exit and entry is rather small compared to the average daily movement of CTIC. 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.
CTIC Daily chart

CTI BIOPHARMA CORP5.72

NASDAQ:CTIC (1/27/2023, 7:01:38 PM)-0.1 (-1.72%)

After market: 5.72 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today -1.72% 1 Week -1.55%
2 Weeks -1.21% 1 Month 3.25%
3 Month 15.32% 6 Month -12.54%

Volatility
ATR(14) 0.27 ATR(20)% 5.19%
ATR Inc -19.33% Range Today 0.2

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 98.82 Mansfield 0.67
10 Day High 6.05 10 Day Low 5.53
20 Day High 6.08 20 Day Low 5.21
52 Week High 7.8 52 Week Low 1.82
CS1 End 5.71 CR1 Start 5.74

Volume & EV
DER(3) -3.64% DER(5) -0.94%
Volume 2.80M Volume Incr 11.64%
Vol(5) 3.02M Vol(50) 2.76M

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