CYTOMX THERAPEUTICS INC (CTMX) Stock Technical Analysis
USA - NASDAQ:CTMX - US23284F1057 - Common Stock
We assign a technical rating of 10 out of 10 to CTMX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTMX is showing a nice and steady performance.
CTMX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 3.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CTMX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.15
3 important support areas can be observed.
- A support zone ranging from 3.19 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.36 from a trend line in the daily time frame.
- Support @2.17 from a trend line in the daily 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 | 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 | 97.55 | POSITIVE | CTMX has a high relative strength, it outperformed 97.55% 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) | 62.92 | NEUTRAL | The RSI value for CTMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CTMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.07 | NEUTRAL | The Stochastics value for CTMX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for CTMX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.11 | POSITIVE | The high ADX value value for CTMX suggests a strong 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 |
|---|---|---|---|
| 3.92 | 3.19 | 0.73 (18.62%) | 5.37% |
| An entry @3.92. This is a Buy Stop order right above the 10 day high. | An exit @3.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.73 points, which is 18.62%. | For a 1.00% total portfolio risk, you can invest 5.37% of your capital in this trade. |
- 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.
3.57
+0.24 (+7.21%)
CYTOMX THERAPEUTICS INC / CTMX FAQ
What is the technical rating for CTMX stock?
ChartMill assigns a technical rating of 10 / 10 to CTMX.
What is the current trend direction of CYTOMX THERAPEUTICS INC (CTMX) stock?
The current trend direction for CYTOMX THERAPEUTICS INC (CTMX) is Bullish.
What is the RSI signal for CYTOMX THERAPEUTICS INC (CTMX) stock?
CYTOMX THERAPEUTICS INC (CTMX) has an RSI value of 62.9236. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CYTOMX THERAPEUTICS INC?
The short term momentum for CYTOMX THERAPEUTICS INC (CTMX) is positive.
Can you provide the buy/sell signal for CYTOMX THERAPEUTICS INC?
The buy/sell signal for CYTOMX THERAPEUTICS INC (CTMX) is buy as both the short term and long term trends are positive.