CYTEK BIOSCIENCES INC (CTKB) Technical Analysis
NASDAQ:CTKB • US23285D1090
Current stock price
CTKB Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CTKB. CTKB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- CTKB is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 73% of 57 stocks in the same industry.
- In the last month CTKB has a been trading in the 4.10 - 4.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, CTKB turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
- CTKB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTKB is lagging the market.
CTKB Weekly and Daily overview Charts
CTKB Setup Rating and Analysis
Although the technical rating is only medium, CTKB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. 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.
More info and screens
CTKB Support and Resistance Analysis
3.95
We found 4 important support areas.
- A support zone ranging from 4.52 to 4.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.28 to 4.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.21 from a trend line in the daily time frame.
- A support zone ranging from 3.99 to 4.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @4.62 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.71 to 4.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.38 from a trend line in the weekly time frame.
CTKB 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 | NEUTRAL | NEUTRAL | The long term trend for CTKB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTKB is neutral. |
| ChartMill Relative Strength | 49.52 | NEUTRAL | CTKB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTKB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTKB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTKB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for CTKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTKB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.81 | NEUTRAL | The Stochastics value for CTKB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CTKB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | NEGATIVE | The low ADX value for CTKB suggests a weak or negative trend. |
CTKB Chart- and CandleStick Pattern Analysis
CTKB Technicals: Chart, Performance Metrics, Trend & Indicators
4.57
+0.11 (+2.47%)
CYTEK BIOSCIENCES INC / CTKB TA FAQ
What is the ChartMill technical rating of CYTEK BIOSCIENCES INC (CTKB) stock?
ChartMill assigns a technical rating of 4 / 10 to CTKB.
What is the trend direction for CTKB stock?
The current trend direction for CYTEK BIOSCIENCES INC (CTKB) is Bearish.
Can you provide the RSI signal for CYTEK BIOSCIENCES INC?
CYTEK BIOSCIENCES INC (CTKB) has an RSI value of 52.24. This indicates that the stock is currently neutral.
What is the MACD signal for CYTEK BIOSCIENCES INC (CTKB) stock?
The MACD indicator for CYTEK BIOSCIENCES INC (CTKB) has a value of -0.0161508, indicating a bearish trend.
What is the short term momentum for CYTEK BIOSCIENCES INC (CTKB) stock?
The short term momentum for CYTEK BIOSCIENCES INC (CTKB) is neutral.