CTI BIOPHARMA CORP (CTIC)
US12648L6011 - Common Stock
We assign a technical rating of 9 out of 10 to CTIC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTIC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CTIC is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 588 stocks in the same industry.
CTIC is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CTIC is leading the market.
CTIC has an average volume of 6589960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CTIC did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month CTIC has a been trading in a tight range between 9.01 and 9.10.
Besides having an excellent technical rating, CTIC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.08, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
4.16
9.20
We found 5 important support areas.
- A support zone ranging from 9.03 to 9.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.90 from a trend line in the daily time frame.
- Support @5.47 from a horizontal line in the daily time frame.
- Support @4.65 from a trend line in the weekly time frame.
- Support @4.20 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.10 to 9.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.78
Mansfield3.98
10 Day High9.1
10 Day Low9.04
20 Day High9.1
20 Day Low9.01
52 Week High9.1
52 Week Low4.01
Performance
1 Week0.22%
2 Weeks0.44%
1 Month1%
3 Month111.4%
6 Month61.46%
12 Month56.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.13
RSI(14)83.62
LBB9.03
UBB9.11
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 |
|---|---|---|---|
| 9.12 | 9.03 | 0.09 (0.99%) | 25.00% |
| An entry @9.12. This is a Buy Stop order right above the resistance zone. | An exit @9.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 0.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- 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.
CTI BIOPHARMA CORP
NASDAQ:CTIC (6/23/2023, 7:00:00 PM)
After market: 9.09 0 (0%)9.09
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week0.22%
2 Weeks0.44%
1 Month1%
3 Month111.4%
6 Month61.46%
12 Month56.19%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.01
ATR(20)%0.2%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High9.1
10 Day Low9.04
20 Day High9.1
20 Day Low9.01
52 Week High9.1
52 Week Low4.01
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.42M
Volume Incr140.44%
Vol(5)6.61M
Vol(50)6.59M