COHBAR INC (CWBR)       2.19  +0.11 (+5.29%)

2.19  +0.11 (+5.29%)

US19249J3077 - Common Stock - After market: 2.19 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to CWBR. Recently some decent action could be observed, but in the medium term time frame this is still negative. CWBR was also a bad performer in the overall market in the last year.



CWBR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, CWBR is a bad performer in the overall market: 91% of all stocks are doing better.
CWBR is one of the lesser performing stocks in the Biotechnology industry. 71% of 643 stocks in the same industry do better.
CWBR is currently trading near the lower end of its 52 week range, which is not a good sign. CWBR is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 38.84% 4.78% -58.31% -77.21% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 9.29 1.5 - 11.01
CWBR Weekly chart
CWBR Daily chart

Support/Resistance Analysis


1.49

2.88
We found 3 important support areas.
  • A support zone ranging from 2.02 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.59 from a trend line in the daily time frame.
  • Support @1.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 2.20 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @2.85 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

7

CWBR has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CWBR in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

CWBR Daily chart

COHBAR INC2.19

NASDAQ:CWBR (1/27/2023, 7:01:54 PM)+0.11 (+5.29%)

After market: 2.19 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today 5.29% 1 Week 6.31%
2 Weeks 6.31% 1 Month 38.84%
3 Month 4.78% 6 Month -58.31%

Volatility
ATR(14) 0.21 ATR(20)% 10.29%
ATR Inc -27.85% Range Today 0.18

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 9.29 Mansfield -5.59
10 Day High 2.41 10 Day Low 2
20 Day High 2.41 20 Day Low 1.6
52 Week High 11.01 52 Week Low 1.5
CS1 End 2.04 CR1 Start 2.2

Volume & EV
DER(3) 8.91% DER(5) -0.26%
Volume 18.80K Volume Incr -66.76%
Vol(5) 13.08K Vol(50) 32.53K

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