CUE Technical Analysis - CUE BIOPHARMA INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to CUE. CUE 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

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.

In the last month CUE has a been trading in the 0.67 - 0.89 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.

When comparing the performance of all stocks over the past year, CUE turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.

CUE is an average performer in the Biotechnology industry, it outperforms 63% of 538 stocks in the same industry.

Considerably lower volume is observed 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

CUE BIOPHARMA INC / CUE Weekly stock chart

CUE BIOPHARMA INC / CUE Daily stock chart

Setup Rating and Analysis

The technical rating of CUE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.58

1.05

We found 2 important support areas.

Support @0.63 from a trend line in the weekly time frame.
Support @0.59 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 0.74 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.84 from a horizontal line in the daily time frame.
Resistance @1.04 from a trend line in the weekly 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	DOWN	NEGATIVE	The long term trend for CUE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CUE is down.
ChartMill Relative Strength	66.43	NEUTRAL	CUE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CUE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CUE is below 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)	28.15	OVERSOLD	The low RSI value suggests CUE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests CUE has a negative trend.
Stochastics (14,3)	9.87	OVERSOLD	The low Stochastics value suggests CUE may be oversold.
Average True Range in percent/ATR (20)	6.36	HIGH VOLATILITY	The high ATR as a percentage value for CUE suggests high volalility.
Average Directional Index/ADX (14)	15.02	NEGATIVE	The low ADX value for CUE suggests a weak or negative trend.