CTI BIOPHARMA CORP (CTIC) Technical Analysis
NASDAQ:CTIC • US12648L6011
Current stock price
CTIC Technical Rating and Analysis
Overall CTIC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CTIC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- CTIC is one of the better performing stocks in the Biotechnology industry, it outperforms 89% of 518 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.
- When comparing the yearly performance of all stocks, we notice that CTIC is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month CTIC has a been trading in a tight range between 9.01 and 9.10.
CTIC Weekly and Daily overview Charts
CTIC Setup Rating and Analysis
CTIC has an excellent technical rating and 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
CTIC Support and Resistance Analysis
4.16
5 important support areas can be observed.
- 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.
CTIC Technical Indicator Signal Analysis
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 CTIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTIC is up. |
| ChartMill Relative Strength | 97.78 | POSITIVE | CTIC has a high relative strength, it outperformed 97.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.62 | OVERBOUGHT | The high RSI value suggests CTIC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CTIC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.48 | OVERBOUGHT | The high Stochastics value suggests CTIC may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for CTIC suggests low volalility. |
| Average Directional Index/ADX (14) | 74.4 | POSITIVE | The high ADX value value for CTIC suggests a strong trend. |
CTIC Chart- and CandleStick Pattern Analysis
CTIC Example Setup
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 worst case loss on the trade is limited to 0.09 points, which is 0.99%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 Technicals: Chart, Performance Metrics, Trend & Indicators
9.09
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CTI BIOPHARMA CORP / CTIC TA FAQ
What is the technical rating for CTIC stock?
ChartMill assigns a technical rating of 8 / 10 to CTIC.
What is the trend direction for CTIC stock?
The current trend direction for CTI BIOPHARMA CORP (CTIC) is Bullish.
What is the RSI signal for CTIC stock?
CTI BIOPHARMA CORP (CTIC) has an RSI value of 83.6156. This indicates that the stock is currently overbought.
What is the short term momentum for CTI BIOPHARMA CORP (CTIC) stock?
The short term momentum for CTI BIOPHARMA CORP (CTIC) is positive.
What is the support and resistance level for CTIC stock?
CTI BIOPHARMA CORP (CTIC) has a support level at 9.08 and a resistance level at 9.1. Check the full technical report for our detailed analysis of CTIC support and resistance levels.