Taking everything into account, CTMX scores 9 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, CTMX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.23. Right above this resistance zone may be a good entry point. 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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3 important support areas can be observed.
- A support zone ranging from 3.93 to 3.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.54 from a horizontal line in the daily time frame.
- Support @2.81 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.23 to 4.30. 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 CTMX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTMX is neutral. |
| ChartMill Relative Strength | 98.86 | POSITIVE | CTMX has a high relative strength, it outperformed 98.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTMX is below 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) | 51.41 | NEUTRAL | The RSI value for CTMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTMX has a negative trend. |
| Stochastics (14,3) | 47.79 | NEUTRAL | The Stochastics value for CTMX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.45 | HIGH VOLATILITY | The high ATR as a percentage value for CTMX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.01 | NEGATIVE | The low ADX value for CTMX 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 |
|---|---|---|---|
| 4.31 | 3.92 | 0.39 (9.05%) | 11.05% |
| An entry @4.31. This is a Buy Stop order right above the resistance zone. | An exit @3.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.39 points, which is 9.05%. | When investing 11.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CTMX. Please evaluate whether better entry and exit points can be found.
- 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.
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CYTOMX THERAPEUTICS INC / CTMX FAQ
What is the technical rating for CTMX stock?
ChartMill assigns a technical rating of 9 / 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 51.4109. 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 neutral.