CYTOKINETICS INC (CYTK) Stock Technical Analysis
NASDAQ:CYTK - Nasdaq - US23282W6057 - Common Stock - Currency: USD
Overall CYTK gets a technical rating of 4 out of 10. In the past year, CYTK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CYTK is a bad performer in the overall market: 92% of all stocks are doing better.
CYTK is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 60% are performing better than CYTK.
CYTK 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.
CYTK 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.
CYTK has an average volume of 1487820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CYTK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 36.26, a Stop Loss order could be placed below this zone.
More info and screens
32.10
39.53
2 important support areas can be observed.
- A support zone ranging from 35.66 to 36.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @37.24 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 38.90 to 39.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 CYTK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CYTK is up. |
| ChartMill Relative Strength | 8.56 | NEGATIVE | CYTK has a low relative strength, it was outperformed by 91.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CYTK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CYTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CYTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.7 | NEUTRAL | The RSI value for CYTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CYTK has a negative trend. |
| Stochastics (14,3) | 68.51 | NEUTRAL | The Stochastics value for CYTK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CYTK suggests some volalility. |
| Average Directional Index/ADX (14) | 34.13 | POSITIVE | The high ADX value value for CYTK suggests a strong 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)
37.18
-0.13 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.35%
1 Week-0.13%
2 Weeks0.46%
1 Month9.64%
3 Month-8.04%
6 Month-26.74%
12 Month-37.71%
2 Year11.48%
3 Year-12.17%
5 Year71.97%
10 Year481.85%
15 Year125.33%
Volatility
ATR(14)1.39
ATR(20)%3.69%
ATR Inc-4.11%
Range Today1.46
ADR(20)1.36
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.56
Mansfield-2.6
10 Day High39.47
10 Day Low36.7
20 Day High39.47
20 Day Low32.66
52 Week High61.27
52 Week Low29.31
CS1 End36.26
CR1 Start37.24
Volume & EV
DER(3)-2.04%
DER(5)-0.82%
Volume1.01M
Volume Incr-31.17%
Vol(5)1.04M
Vol(50)1.49M