COOTEK CAYMAN INC-ADR (CTK) Technical Analysis
NYSE:CTK • US21718L1026
Current stock price
CTK Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CTK. CTK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CTK is a bad performer in the overall market: 100% of all stocks are doing better.
- CTK is part of the Software industry. There are 278 other stocks in this industry, of which 89% are performing better than CTK.
- CTK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CTK is lagging the market.
- In the last month CTK has a been trading in the 0.81 - 2.99 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CTK has an average volume of 4962120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
CTK Weekly and Daily overview Charts
CTK Setup Rating and Analysis
The technical rating of CTK 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
CTK Support and Resistance Analysis
0.90
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.04 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.30 from a trend line in the daily time frame.
CTK 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 | DOWN | NEGATIVE | The long term trend for CTK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTK is down. |
| ChartMill Relative Strength | 0.3 | NEGATIVE | CTK has a low relative strength, it was outperformed by 99.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.76 | OVERSOLD | The low RSI value suggests CTK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.15 | OVERSOLD | The low Stochastics value suggests CTK may be oversold. |
| Average True Range in percent/ATR (20) | 26.66 | HIGH VOLATILITY | The high ATR as a percentage value for CTK suggests high volalility. |
CTK Chart- and CandleStick Pattern Analysis
CTK Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:CTK (5/19/2022, 8:04:01 PM)
0.9111
+0.02 (+2.36%)
COOTEK CAYMAN INC-ADR / CTK TA FAQ
Can you provide the ChartMill technical rating for COOTEK CAYMAN INC-ADR?
ChartMill assigns a technical rating of 0 / 10 to CTK.
What is the current trend direction of COOTEK CAYMAN INC-ADR (CTK) stock?
The current trend direction for COOTEK CAYMAN INC-ADR (CTK) is Bearish.
What is the RSI signal for COOTEK CAYMAN INC-ADR (CTK) stock?
COOTEK CAYMAN INC-ADR (CTK) has an RSI value of 22.7589. This indicates that the stock is currently oversold.
What is the MACD signal for COOTEK CAYMAN INC-ADR (CTK) stock?
The MACD indicator for COOTEK CAYMAN INC-ADR (CTK) has a value of -0.0300968, indicating a bearish trend.
What is the short term momentum for COOTEK CAYMAN INC-ADR (CTK) stock?
The short term momentum for COOTEK CAYMAN INC-ADR (CTK) is negative.