Taking everything into account, CTNM scores 5 out of 10 in our technical rating. CTNM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 72% of all other stocks performed better in the past year than CTNM.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- CTNM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTNM is lagging the market slightly.
- In the last month CTNM has a been trading in the 8.60 - 12.96 range, which is quite wide. It is currently trading near the high of this range.
- CTNM is part of the Pharmaceuticals industry. There are 190 other stocks in this industry, CTNM did better than 51% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CTNM 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
9.34
2 important support areas can be observed.
- A support zone ranging from 11.04 to 11.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.43 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.03 to 12.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.50 to 12.51. This zone is formed by a combination of multiple trend lines 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 CTNM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTNM is up. |
| ChartMill Relative Strength | 28.89 | NEGATIVE | CTNM has a low relative strength, it was outperformed by 71.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTNM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTNM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.23 | NEUTRAL | The RSI value for CTNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CTNM has a positive trend. |
| Stochastics (14,3) | 74.87 | NEUTRAL | The Stochastics value for CTNM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for CTNM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.24 | NEUTRAL | The ADX value for CTNM suggests a possible start of a new trend. |
11.74
-0.1 (-0.84%)
CONTINEUM THERAPEUTICS INC-A / CTNM FAQ
What is the ChartMill technical rating of CONTINEUM THERAPEUTICS INC-A (CTNM) stock?
ChartMill assigns a technical rating of 5 / 10 to CTNM.
What is the trend direction for CTNM stock?
The current trend direction for CONTINEUM THERAPEUTICS INC-A (CTNM) is Bearish.
Can you provide the RSI signal for CONTINEUM THERAPEUTICS INC-A?
CONTINEUM THERAPEUTICS INC-A (CTNM) has an RSI value of 56.2331. This indicates that the stock is currently neutral.
What is the short term momentum for CTNM stock?
The short term momentum for CONTINEUM THERAPEUTICS INC-A (CTNM) is positive.