CYTOKINETICS INC (CYTK)       43.12  -0.13 (-0.3%)

43.12  -0.13 (-0.3%)

US23282W6057 - Common Stock - After market: 43.12 0 (0%)

Technical Rating

5

Overall CYTK gets a technical rating of 5 out of 10. In the past year, CYTK was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, CYTK did better than 88% of all other stocks.
CYTK is part of the Biotechnology industry. There are 639 other stocks in this industry. CYTK outperforms 79% of them.
In the last month CYTK has a been trading in the 40.18 - 46.77 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CYTK has an average volume of 1071890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CYTK is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months -5.44% -0.28% 1.87% 36.63% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.65 30.27 - 55.8
CYTK Weekly chart
CYTK Daily chart

Support/Resistance Analysis


34.62

47.89
When analyzing the support we can see 5 important areas.
  • A support zone ranging from 42.61 to 43.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 41.26 to 41.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @37.36 from a trend line in the weekly time frame.
  • A support zone ranging from 35.91 to 36.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @34.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • Resistance @43.65 from a trend line in the weekly time frame.
  • A resistance zone ranging from 45.14 to 46.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @47.42 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

Although the technical rating is only medium, CYTK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 43.05, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

CYTK Daily chart

CYTOKINETICS INC43.12

NASDAQ:CYTK (1/27/2023, 7:02:01 PM)-0.13 (-0.3%)

After market: 43.12 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today -0.3% 1 Week 3.18%
2 Weeks 0.7% 1 Month -5.44%
3 Month -0.28% 6 Month 1.87%

Volatility
ATR(14) 1.53 ATR(20)% 3.65%
ATR Inc -35.96% Range Today 0.98

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 88.65 Mansfield -0.01
10 Day High 44.03 10 Day Low 40.26
20 Day High 46.77 20 Day Low 40.18
52 Week High 55.8 52 Week Low 30.27
CS1 End 43.05 CR1 Start 43.65

Volume & EV
DER(3) 2.26% DER(5) 1.4%
Volume 405.90K Volume Incr 12.7%
Vol(5) 932.72K Vol(50) 1.07M

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