CONTINEUM THERAPEUTICS INC-A (CTNM) Stock Technical Analysis
USA - NASDAQ:CTNM - US21217B1008 - Common Stock
11.88 USD
-0.28 (-2.3%)
11.88 USD
0 (0%)
We assign a technical rating of 8 out of 10 to CTNM. Both in the recent history as in the last year, CTNM 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!
CTNM is part of the Pharmaceuticals industry. There are 196 other stocks in this industry. CTNM outperforms 89% of them.
When comparing the yearly performance of all stocks, we notice that CTNM is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CTNM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTNM is lagging the market.
In the last month CTNM has a been trading in the 10.26 - 13.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CTNM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.63, a Stop Loss order could be placed below this zone.
More info and screens
10.39
12.66
We found 2 important support areas.
- A support zone ranging from 11.34 to 11.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.49 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.07 to 12.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.51 to 12.53. 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 CTNM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTNM is up. |
| ChartMill Relative Strength | 95.58 | POSITIVE | CTNM has a high relative strength, it outperformed 95.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CTNM is above a declining 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) | DOWN | MIXED | The current price of CTNM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.67 | NEUTRAL | The RSI value for CTNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CTNM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.8 | NEUTRAL | The Stochastics value for CTNM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for CTNM suggests high volalility. |
| Average Directional Index/ADX (14) | 34.13 | POSITIVE | The high ADX value value for CTNM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 12.24 | 11.33 | 0.91 (7.43%) | 13.45% |
| An entry @12.24. This is a Buy Stop order right above the resistance zone. | An exit @11.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.91 points, which is 7.43%. | When investing 13.45% 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 CTNM. 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.
11.88
-0.28 (-2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.3%
1 Week4.67%
2 Weeks-0.34%
1 Month-3.84%
3 Month203.06%
6 Month196.26%
12 Month-29.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.97
ATR(20)%8.51%
ATR Inc-25.93%
Range Today0.63
ADR(20)1
ADR(20)%8.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.58
Mansfield1.97
10 Day High12.8
10 Day Low10.65
20 Day High13.49
20 Day Low10.26
52 Week High20.24
52 Week Low3.35
CS1 End11.63
CR1 Start12.07
Volume & EV
DER(3)2.29%
DER(5)0.19%
Volume73.30K
Volume Incr-51.77%
Vol(5)104.98K
Vol(50)214.54K