Overall CTNM gets a technical rating of 3 out of 10. CTNM was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
CTNM has a poor technical rating and the quality of the setup is also not perfect 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
10.28
We found 1 important support area.
- A support zone ranging from 10.38 to 10.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.05 to 11.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CTNM is neutral. |
| ChartMill Relative Strength | 33.32 | NEUTRAL | CTNM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTNM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTNM is below a declining 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) | 47.48 | NEUTRAL | The RSI value for CTNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CTNM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.54 | NEUTRAL | The Stochastics value for CTNM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for CTNM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for CTNM suggests a weak or negative trend. |
10.945
-1.28 (-10.43%)
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 3 / 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 47.4786. 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 0.0917992, indicating a bearish trend.