CITIUS ONCOLOGY INC (CTOR) Stock Technical Analysis
NASDAQ:CTOR • US17331Y1091
Taking everything into account, CTOR scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CTOR was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 63% of all other stocks performed better in the past year than CTOR.
- CTOR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CTOR is part of the Biotechnology industry. There are 521 other stocks in this industry, CTOR did better than 52% of them.
- In the last month CTOR has a been trading in the 1.03 - 1.26 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.
Although the technical rating is bad, CTOR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.10, a Stop Loss order could be placed below this zone.
More info and screens
1.02
We found 3 important support areas.
- A support zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.05 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.03 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.23 to 1.23. 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 | DOWN | NEGATIVE | The long term trend for CTOR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTOR is neutral. |
| ChartMill Relative Strength | 37.36 | NEUTRAL | CTOR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTOR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.82 | NEUTRAL | The RSI value for CTOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CTOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.16 | NEUTRAL | The Stochastics value for CTOR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for CTOR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for CTOR suggests a possible start of a new trend. |
1.16
-0.05 (-4.13%)
CITIUS ONCOLOGY INC / CTOR FAQ
What is the ChartMill technical rating of CITIUS ONCOLOGY INC (CTOR) stock?
ChartMill assigns a technical rating of 2 / 10 to CTOR.
What is the current trend direction of CITIUS ONCOLOGY INC (CTOR) stock?
The current trend direction for CITIUS ONCOLOGY INC (CTOR) is Bearish.
What is the RSI signal for CITIUS ONCOLOGY INC (CTOR) stock?
CITIUS ONCOLOGY INC (CTOR) has an RSI value of 51.8208. This indicates that the stock is currently neutral.
What is the MACD signal for CTOR stock?
The MACD indicator for CITIUS ONCOLOGY INC (CTOR) has a value of 0.00923399, indicating a bearish trend.