CYTOSORBENTS CORP (CTSO) Stock Technical Analysis
NASDAQ:CTSO - Nasdaq - US23283X2062 - Common Stock - Currency: USD
Overall CTSO gets a technical rating of 1 out of 10. CTSO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, CTSO is a bad performer in the overall market: 87% of all stocks are doing better.
CTSO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTSO is lagging the market.
In the last month CTSO has a been trading in the 0.77 - 1.16 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CTSO is an average performer in the Health Care Equipment & Supplies industry, it outperforms 44% of 187 stocks in the same industry.
The technical rating of CTSO is bad and it also does not present a quality setup 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
0.79
1.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.84 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.87 to 0.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.19 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.31 to 1.31. 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 | NEUTRAL | NEUTRAL | The long term trend for CTSO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTSO is down. |
| ChartMill Relative Strength | 13.38 | NEGATIVE | CTSO has a low relative strength, it was outperformed by 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTSO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CTSO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTSO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.07 | NEUTRAL | The RSI value for CTSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.28 | OVERSOLD | The low Stochastics value suggests CTSO may be oversold. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for CTSO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for CTSO suggests a possible start of a new 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)
0.8692
+0.02 (+2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.26%
1 Week-7.88%
2 Weeks-15.61%
1 Month-20.26%
3 Month-7.53%
6 Month-13.51%
12 Month-27.57%
2 Year-66.31%
3 Year-54.25%
5 Year-89.7%
10 Year-87.4%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.51%
ATR Inc56.85%
Range Today0.12
ADR(20)0.07
ADR(20)%8.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.38
Mansfield-2.13
10 Day High1.08
10 Day Low0.77
20 Day High1.16
20 Day Low0.77
52 Week High1.61
52 Week Low0.71
CS1 End0.84
CR1 Start0.87
Volume & EV
DER(3)-3.65%
DER(5)1.41%
Volume4.63M
Volume Incr843.35%
Vol(5)990.00K
Vol(50)191.60K