CYTEK BIOSCIENCES INC (CTKB) Technical Analysis
NASDAQ:CTKB • US23285D1090
We assign a technical rating of 0 out of 10 to CTKB. CTKB'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CTKB is a bad performer in the overall market: 78% of all stocks are doing better.
- In the last month CTKB has a been trading in the 3.95 - 4.60 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.
- CTKB is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, CTKB did better than 67% of them.
- CTKB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTKB is lagging the market slightly.
CTKB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for CTKB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.96
4 important resistance areas can be observed.
- A resistance zone ranging from 4.49 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.90 from a trend line in the weekly time frame.
- Resistance @5.53 from a trend line in the weekly time frame.
- Resistance @5.88 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 CTKB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTKB is down. |
| ChartMill Relative Strength | 22.33 | NEGATIVE | CTKB has a low relative strength, it was outperformed by 77.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTKB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTKB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTKB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.9 | NEUTRAL | The RSI value for CTKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CTKB has a negative trend. |
| Stochastics (14,3) | 18.37 | OVERSOLD | The low Stochastics value suggests CTKB may be oversold. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for CTKB suggests high volalility. |
| Average Directional Index/ADX (14) | 28.51 | POSITIVE | The high ADX value value for CTKB suggests a strong trend. |
CTKB Technicals: Chart, Performance Metrics, Trend & Indicators
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-0.16 (-3.85%)
CYTEK BIOSCIENCES INC / CTKB FAQ
What is the ChartMill technical rating of CYTEK BIOSCIENCES INC (CTKB) stock?
ChartMill assigns a technical rating of 0 / 10 to CTKB.
What is the trend direction for CTKB stock?
The current trend direction for CYTEK BIOSCIENCES INC (CTKB) is Bearish.
What is the RSI signal for CYTEK BIOSCIENCES INC (CTKB) stock?
CYTEK BIOSCIENCES INC (CTKB) has an RSI value of 30.9033. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CYTEK BIOSCIENCES INC?
The short term momentum for CYTEK BIOSCIENCES INC (CTKB) is negative.
What is the buy/sell signal for CTKB stock?
The buy/sell signal for CYTEK BIOSCIENCES INC (CTKB) is sell as both the short term and long term trends are negative.