CYTEK BIOSCIENCES INC (CTKB) Stock Technical Analysis
NASDAQ:CTKB - Nasdaq - US23285D1090 - Common Stock - Currency: USD
We assign a technical rating of 6 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CTKB is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 75% of 54 stocks in the same industry.
In the last month CTKB has a been trading in the 3.09 - 4.19 range, which is quite wide. It is currently trading near the high of this range.
CTKB has an average volume of 1318440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 57% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CTKB has an average technical rating and it also does not offer a high 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
3.18
5.25
3 important support areas can be observed.
- A support zone ranging from 3.54 to 3.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.35 to 3.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.21 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.12 from a horizontal line in the daily time frame.
- Resistance @5.20 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CTKB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTKB is up. |
| ChartMill Relative Strength | 57.07 | 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) | DOWN | NEGATIVE | The current price of CTKB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.7 | NEUTRAL | The RSI value for CTKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CTKB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.53 | OVERBOUGHT | The high Stochastics value suggests CTKB may be overbought. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CTKB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.61 | NEUTRAL | The ADX value for CTKB suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.03
-0.08 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-1.95%
1 Week10.71%
2 Weeks9.21%
1 Month16.81%
3 Month37.78%
6 Month-24.53%
12 Month-22.8%
2 Year-46.97%
3 Year-65.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%4.94%
ATR Inc53.55%
Range Today0.2
ADR(20)0.19
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.07
Mansfield-2.18
10 Day High4.19
10 Day Low3.44
20 Day High4.19
20 Day Low3.09
52 Week High7.63
52 Week Low2.37
CS1 End3.57
CR1 Start4.12
Volume & EV
DER(3)3.28%
DER(5)3.41%
Volume1.54M
Volume Incr38.97%
Vol(5)1.40M
Vol(50)1.32M