CYTOSORBENTS CORP (CTSO) Stock Technical Analysis
NASDAQ:CTSO - Nasdaq - US23283X2062 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CTSO. CTSO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month CTSO has a been trading in the 0.93 - 1.39 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.
CTSO is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 72% of 187 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, CTSO outperforms 64% of them, which is more or less in line with the market.
CTSO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTSO is lagging the market.
CTSO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for CTSO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.80
1.34
When analyzing the support we can see 4 important areas.
- Support @0.99 from a horizontal line in the daily time frame.
- Support @0.86 from a trend line in the weekly time frame.
- Support @0.83 from a trend line in the daily time frame.
- A support zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.23 from a horizontal line in the weekly time frame.
- Resistance @1.33 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CTSO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTSO is neutral. |
| ChartMill Relative Strength | 64.14 | NEUTRAL | CTSO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTSO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CTSO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTSO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49 | 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. |
| Stochastics (14,3) | 40.85 | NEUTRAL | The Stochastics value for CTSO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.73 | HIGH VOLATILITY | The high ATR as a percentage value for CTSO suggests high volalility. |
| Average Directional Index/ADX (14) | 37.59 | POSITIVE | The high ADX value value for CTSO suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.26 | 1.16 | 0.10 (7.94%) | 12.60% |
| An entry @1.26. This is a Buy Stop order right above the resistance zone. | An exit @1.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 7.94%. | For a 1.00% total portfolio risk, you can invest 12.60% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTSO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.09
+0.09 (+9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg9%
1 Week-7.63%
2 Weeks-6.03%
1 Month9%
3 Month12.37%
6 Month16.38%
12 Month19.93%
2 Year-69.47%
3 Year-52.19%
5 Year-88.62%
10 Year-83.31%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%10.73%
ATR Inc115.15%
Range Today0.13
ADR(20)0.11
ADR(20)%9.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.14
Mansfield-0.37
10 Day High1.39
10 Day Low0.93
20 Day High1.39
20 Day Low0.93
52 Week High1.61
52 Week Low0.71
CS1 End1.17
CR1 Start1.25
Volume & EV
DER(3)5.34%
DER(5)1.46%
Volume201.80K
Volume Incr119.85%
Vol(5)225.32K
Vol(50)130.36K