Overall CTNM gets a technical rating of 5 out of 10. Although CTNM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CTNM has an average technical rating and the quality of the presented setup is also not ideal 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
10.40
We found 2 important support areas.
- A support zone ranging from 11.32 to 11.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.50 to 10.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @12.51 from a horizontal line 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 | UP | POSITIVE | The long term trend for CTNM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTNM is neutral. |
| ChartMill Relative Strength | 26.53 | NEGATIVE | CTNM has a low relative strength, it was outperformed by 73.47% 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) | 57.44 | NEUTRAL | The RSI value for CTNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CTNM has a positive trend. |
| Stochastics (14,3) | 44.68 | NEUTRAL | The Stochastics value for CTNM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for CTNM suggests high volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for CTNM suggests a possible start of a new trend. |
12.26
+0.52 (+4.43%)
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.
Can you provide the trend direction for CONTINEUM THERAPEUTICS INC-A?
The current trend direction for CONTINEUM THERAPEUTICS INC-A (CTNM) is Bullish.
Can you provide the RSI signal for CONTINEUM THERAPEUTICS INC-A?
CONTINEUM THERAPEUTICS INC-A (CTNM) has an RSI value of 57.4386. This indicates that the stock is currently neutral.
What is the MACD signal for CONTINEUM THERAPEUTICS INC-A (CTNM) stock?
The MACD indicator for CONTINEUM THERAPEUTICS INC-A (CTNM) has a value of 0.0126289, indicating a bearish trend.