We assign a technical rating of 7 out of 10 to CTKB. Although CTKB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CTKB has an excellent technical rating, but the quality of the setup is only medium 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
3.87
When analyzing the support we can see 2 important areas.
- Support @4.30 from a trend line in the daily time frame.
- A support zone ranging from 3.91 to 3.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CTKB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTKB is neutral. |
| ChartMill Relative Strength | 50.26 | NEUTRAL | CTKB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTKB is below 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) | DOWN | MIXED | The current price of CTKB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.1 | NEUTRAL | The RSI value for CTKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CTKB has a negative trend. |
| Stochastics (14,3) | 29.32 | NEUTRAL | The Stochastics value for CTKB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.8 | HIGH VOLATILITY | The high ATR as a percentage value for CTKB suggests high volalility. |
| Average Directional Index/ADX (14) | 37.86 | POSITIVE | The high ADX value value for CTKB suggests a strong trend. |
4.99
-0.21 (-4.04%)
CYTEK BIOSCIENCES INC / CTKB FAQ
What is the ChartMill technical rating of CYTEK BIOSCIENCES INC (CTKB) stock?
ChartMill assigns a technical rating of 7 / 10 to CTKB.
What is the current trend direction of CYTEK BIOSCIENCES INC (CTKB) stock?
The current trend direction for CYTEK BIOSCIENCES INC (CTKB) is Bullish.
What is the RSI signal for CYTEK BIOSCIENCES INC (CTKB) stock?
CYTEK BIOSCIENCES INC (CTKB) has an RSI value of 49.1008. 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 -0.0877765, indicating a bearish trend.
Can you provide the short term momentum for CYTEK BIOSCIENCES INC?
The short term momentum for CYTEK BIOSCIENCES INC (CTKB) is neutral.