CTMX Technical Analysis - CYTOMX THERAPEUTICS INC

Technical Rating and Analysis

Overall CTMX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CTMX has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

CTMX is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 536 stocks in the same industry.

CTMX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CTMX has a been trading in the 1.90 - 3.48 range, which is quite wide. It is currently trading near the high of this range.

CTMX has an average volume of 3812410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that CTMX is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CYTOMX THERAPEUTICS INC / CTMX Weekly stock chart

CYTOMX THERAPEUTICS INC / CTMX Daily stock chart

Setup Rating and Analysis

Although CTMX has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.02

3.41

We found 3 important support areas.

Support @3.27 from a horizontal line in the daily time frame.
Support @2.13 from a trend line in the daily time frame.
Support @2.04 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 3.38 to 3.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for CTMX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CTMX is up.
ChartMill Relative Strength	96.47	POSITIVE	CTMX has a high relative strength, it outperformed 96.47% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CTMX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CTMX is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CTMX is above the rising SMA(200).
Relative Strength Index/RSI (14)	77.6	OVERBOUGHT	The high RSI value suggests CTMX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests CTMX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	89.75	OVERBOUGHT	The high Stochastics value suggests CTMX may be overbought.
Average True Range in percent/ATR (20)	6.21	HIGH VOLATILITY	The high ATR as a percentage value for CTMX suggests high volalility.
Average Directional Index/ADX (14)	42.29	POSITIVE	The high ADX value value for CTMX suggests a strong trend.