CYTOKINETICS INC (CYTK) Stock Technical Analysis
NASDAQ:CYTK • US23282W6057
Taking everything into account, CYTK scores 2 out of 10 in our technical rating. CYTK 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 CYTK has a been trading in the 60.05 - 70.39 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.
- CYTK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CYTK is lagging the market slightly.
- CYTK has an average volume of 1949880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that CYTK is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CYTK is part of the Biotechnology industry. There are 520 other stocks in this industry, CYTK did better than 62% of them.
CYTK has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
58.60
We found 3 important support areas.
- A support zone ranging from 61.26 to 61.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.23 from a horizontal line in the daily time frame.
- Support @59.19 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @61.46 from a trend line in the daily time frame.
- A resistance zone ranging from 64.01 to 65.69. 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 68.13 to 68.15. 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 CYTK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CYTK is down. |
| ChartMill Relative Strength | 75.06 | POSITIVE | CYTK has a high relative strength, it outperformed 75.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CYTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CYTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CYTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.1 | NEUTRAL | The RSI value for CYTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests CYTK has a negative trend. |
| Stochastics (14,3) | 14.05 | OVERSOLD | The low Stochastics value suggests CYTK may be oversold. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for CYTK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.22 | NEGATIVE | The low ADX value for CYTK suggests a weak or negative trend. |
61.43
-0.79 (-1.27%)
CYTOKINETICS INC / CYTK FAQ
What is the technical rating for CYTK stock?
ChartMill assigns a technical rating of 2 / 10 to CYTK.
What is the trend direction for CYTK stock?
The current trend direction for CYTOKINETICS INC (CYTK) is Bullish.
Can you provide the RSI signal for CYTOKINETICS INC?
CYTOKINETICS INC (CYTK) has an RSI value of 41.0996. This indicates that the stock is currently neutral.
What is the MACD signal for CYTOKINETICS INC (CYTK) stock?
The MACD indicator for CYTOKINETICS INC (CYTK) has a value of -0.60186, indicating a bearish trend.
What are the support and resistance levels for CYTOKINETICS INC (CYTK) stock?
CYTOKINETICS INC (CYTK) has a support level at 61.42 and a resistance level at 61.46. Check the full technical report for our detailed analysis of CYTK support and resistance levels.