CUE Technical Analysis - CUE BIOPHARMA INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to CUE. In the last year, CUE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, CUE is a bad performer in the overall market: 90% of all stocks are doing better.

CUE is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 68% are performing better than CUE.

CUE 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.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

In the last month CUE has a been trading in the 0.67 - 0.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CUE BIOPHARMA INC / CUE Weekly stock chart

CUE BIOPHARMA INC / CUE Daily stock chart

Setup Rating and Analysis

CUE has an average technical rating and the quality of the presented setup is also not ideal 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

0.63

0.99

We found 4 important support areas.

A support zone ranging from 0.76 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.67 from a horizontal line in the daily time frame.
Support @0.64 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 0.91 to 0.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.98 from a trend line in the weekly time frame.

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What is Support and Resistance

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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 CUE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CUE is neutral.
ChartMill Relative Strength	10.99	NEGATIVE	CUE has a low relative strength, it was outperformed by 89.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CUE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CUE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CUE is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.46	NEUTRAL	The RSI value for CUE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests CUE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	37.77	NEUTRAL	The Stochastics value for CUE is a neutral value.
Average True Range in percent/ATR (20)	7.07	HIGH VOLATILITY	The high ATR as a percentage value for CUE suggests high volalility.
Average Directional Index/ADX (14)	17.38	NEGATIVE	The low ADX value for CUE suggests a weak or negative trend.