We assign a technical rating of 5 out of 10 to CYTK. In the last year, CYTK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- 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.
- In the last month CYTK has a been trading in the 58.85 - 66.59 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- CYTK has an average volume of 1934290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 4 months ago.
- CYTK is part of the Biotechnology industry. There are 525 other stocks in this industry, CYTK did better than 62% of them.
Although the technical rating is only medium, CYTK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 63.96, a Stop Loss order could be placed below this zone.
More info and screens
58.60
3 important support areas can be observed.
- A support zone ranging from 63.19 to 63.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 61.72 to 61.92. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 59.19 to 59.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @64.11 from a trend line in the daily time frame.
- Resistance @65.60 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for CYTK is neutral. |
| ChartMill Relative Strength | 75.47 | POSITIVE | CYTK has a high relative strength, it outperformed 75.47% 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) | DOWN | MIXED | The current price of CYTK is above 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) | 51.75 | NEUTRAL | The RSI value for CYTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CYTK has a positive trend. |
| Stochastics (14,3) | 54.61 | NEUTRAL | The Stochastics value for CYTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CYTK suggests some volalility. |
| Average Directional Index/ADX (14) | 8.62 | NEGATIVE | The low ADX value for CYTK suggests a weak or negative trend. |
64.01
+0.82 (+1.3%)
CYTOKINETICS INC / CYTK FAQ
What is the technical rating for CYTK stock?
ChartMill assigns a technical rating of 5 / 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 51.745. 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 0.0237061, indicating a bearish trend.
What are the support and resistance levels for CYTOKINETICS INC (CYTK) stock?
CYTOKINETICS INC (CYTK) has a support level at 63.96 and a resistance level at 64.11. Check the full technical report for our detailed analysis of CYTK support and resistance levels.