Taking everything into account, CTKB scores 8 out of 10 in our technical rating. 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.
Although CTKB has an excellent technical rating, the quality of the presented setup is not ideal 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
4.12
We found 3 important support areas.
- A support zone ranging from 4.99 to 5.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.85 to 4.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.16 to 4.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @5.48 from a trend line in the daily time frame.
- Resistance @5.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.89 to 5.89. 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 | UP | POSITIVE | The short term trend for CTKB is up. |
| ChartMill Relative Strength | 63.06 | 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) | 61.81 | NEUTRAL | The RSI value for CTKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CTKB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.77 | OVERBOUGHT | The high Stochastics value suggests CTKB may be overbought. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for CTKB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for CTKB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.49 | 4.89 | 0.61 (11.02%) | 9.07% |
| An entry @5.49. This is a Buy Stop order right above the resistance zone. | An exit @4.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.61 points, which is 11.02%. | When investing 9.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.45
+0.02 (+0.37%)
CYTEK BIOSCIENCES INC / CTKB FAQ
What is the ChartMill technical rating of CYTEK BIOSCIENCES INC (CTKB) stock?
ChartMill assigns a technical rating of 8 / 10 to CTKB.
What is the trend direction for 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 61.8137. 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 positive.
What is the buy/sell signal for CTKB stock?
The buy/sell signal for CYTEK BIOSCIENCES INC (CTKB) is buy as both the short term and long term trends are positive.