CYTOKINETICS INC (CYTK) Stock Technical Analysis
USA - NASDAQ:CYTK - US23282W6057 - Common Stock
We assign a technical rating of 9 out of 10 to CYTK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CYTK is showing a nice and steady performance.
Although CYTK has an excellent technical rating, the quality of the presented setup is not ideal 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
32.11
5 important support areas can be observed.
- A support zone ranging from 57.82 to 57.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.75 from a horizontal line in the daily time frame.
- Support @38.00 from a trend line in the weekly time frame.
- Support @36.22 from a trend line in the daily time frame.
- Support @32.43 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.26 to 62.81. 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 | UP | POSITIVE | The short term trend for CYTK is up. |
| ChartMill Relative Strength | 90.39 | POSITIVE | CYTK has a high relative strength, it outperformed 90.39% 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) | UP | POSITIVE | The current price of CYTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.27 | NEUTRAL | The RSI value for CYTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CYTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.52 | OVERBOUGHT | The high Stochastics value suggests CYTK may be overbought. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CYTK suggests some volalility. |
| Average Directional Index/ADX (14) | 31.48 | POSITIVE | The high ADX value value for CYTK suggests a strong trend. |
62.25
+0.26 (+0.42%)
CYTOKINETICS INC / CYTK FAQ
What is the technical rating for CYTK stock?
ChartMill assigns a technical rating of 9 / 10 to CYTK.
What is the current trend direction of CYTOKINETICS INC (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 64.2652. This indicates that the stock is currently neutral.
What is the short term momentum for CYTK stock?
The short term momentum for CYTOKINETICS INC (CYTK) is positive.
What is the buy/sell signal for CYTK stock?
The buy/sell signal for CYTOKINETICS INC (CYTK) is buy as both the short term and long term trends are positive.