CTOR Technical Analysis - CITIUS ONCOLOGY INC

Technical Rating and Analysis

Overall CTOR gets a technical rating of 1 out of 10. CTOR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

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.

In the last month CTOR has a been trading in the 1.58 - 2.25 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Looking at the yearly performance, CTOR did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

CTOR is an average performer in the Biotechnology industry, it outperforms 60% of 534 stocks in the same industry.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CITIUS ONCOLOGY INC / CTOR Weekly stock chart

CITIUS ONCOLOGY INC / CTOR Daily stock chart

Setup Rating and Analysis

CTOR 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.63

2.23

When analyzing the resistance we notice 4 important areas.

Resistance @1.80 from a horizontal line in the daily time frame.
A resistance zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.91 from a trend line in the daily time frame.
Resistance @2.21 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 CTOR is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CTOR is down.
ChartMill Relative Strength	72.24	POSITIVE	CTOR has a high relative strength, it outperformed 72.24% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CTOR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CTOR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CTOR is above the rising SMA(200).
Relative Strength Index/RSI (14)	38.8	NEUTRAL	The RSI value for CTOR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests CTOR has a negative trend.
Stochastics (14,3)	17.28	OVERSOLD	The low Stochastics value suggests CTOR may be oversold.
Average True Range in percent/ATR (20)	9.63	HIGH VOLATILITY	The high ATR as a percentage value for CTOR suggests high volalility.
Average Directional Index/ADX (14)	17.55	NEGATIVE	The low ADX value for CTOR suggests a weak or negative trend.