CYTEIR THERAPEUTICS INC (CYT) Stock Technical Analysis
NASDAQ:CYT - Nasdaq - US23284P1030 - Common Stock - Currency: USD
Taking everything into account, CYT scores 6 out of 10 in our technical rating. In the last year, CYT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, CYT did better than 90% of all other stocks. We also observe that the gains produced by CYT over the past year are nicely spread over this period.
CYT is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 558 stocks in the same industry.
CYT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CYT has a been trading in a tight range between 2.99 and 3.15.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CYT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.01, a Stop Loss order could be placed below this zone.
More info and screens
2.81
3.19
2 important support areas can be observed.
- A support zone ranging from 2.99 to 3.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.84 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.02 to 3.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.15 to 3.16. 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 | UP | POSITIVE | The long term trend for CYT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CYT is neutral. |
| ChartMill Relative Strength | 90.36 | POSITIVE | CYT has a high relative strength, it outperformed 90.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CYT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CYT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CYT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.38 | NEUTRAL | The RSI value for CYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CYT has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for CYT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for CYT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.1 | NEUTRAL | The ADX value for CYT 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)
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 |
|---|---|---|---|
| 3.11 | 2.98 | 0.13 (4.18%) | 23.92% |
| An entry @3.11. This is a Buy Stop order right above the resistance zone. | An exit @2.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 4.18%. | For a 1.00% total portfolio risk, you can invest 23.92% of your capital in this trade. |
- 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.
3.02
-0.07 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.27%
1 Week-2.89%
2 Weeks-2.58%
1 Month-2.89%
3 Month-2.27%
6 Month7.86%
12 Month81.93%
2 Year-19.89%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%1.95%
ATR Inc33.89%
Range Today0.09
ADR(20)0.06
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.36
Mansfield-0.19
10 Day High3.15
10 Day Low2.99
20 Day High3.15
20 Day Low2.99
52 Week High3.19
52 Week Low1.65
CS1 End3.01
CR1 Start3.02
Volume & EV
DER(3)0.29%
DER(5)-0.12%
Volume1.01M
Volume Incr691.59%
Vol(5)987.86K
Vol(50)196.95K