CYTOKINETICS INC (CYTK) Technical Analysis
NASDAQ:CYTK • US23282W6057
Current stock price
CYTK Technical Rating and Analysis
Overall CYTK gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CYTK did better than 87% of all other stocks.
- CYTK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CYTK is leading the market.
- In the last month CYTK has a been trading in the 58.43 - 68.70 range, which is quite wide. It is currently trading near the high of this range.
- CYTK has an average volume of 1945390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CYTK is part of the Biotechnology industry. There are 517 other stocks in this industry, CYTK did better than 66% of them.
CYTK Weekly and Daily overview Charts
CYTK Setup Rating and Analysis
CYTK has an excellent technical rating, but the quality of the setup is 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
CYTK Support and Resistance Analysis
58.60
We found 3 important support areas.
- A support zone ranging from 62.57 to 63.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.23 to 61.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 59.19 to 60.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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.
CYTK Technical Indicator Signal Analysis
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 | 87.59 | POSITIVE | CYTK has a high relative strength, it outperformed 87.59% 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) | 61.03 | NEUTRAL | The RSI value for CYTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests CYTK has a positive trend. |
| Stochastics (14,3) | 84 | OVERBOUGHT | The high Stochastics value suggests CYTK may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CYTK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for CYTK suggests a weak or negative trend. |
CYTK Chart- and CandleStick Pattern Analysis
CYTK Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 68.16 | 62.56 | 5.60 (8.22%) | 12.17% |
| An entry @68.16. This is a Buy Stop order right above the resistance zone. | An exit @62.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.60 points, which is 8.22%. | For a 1.00% total portfolio risk, you can invest 12.17% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CYTK Technicals: Chart, Performance Metrics, Trend & Indicators
66.73
+0.12 (+0.18%)
CYTOKINETICS INC / CYTK TA FAQ
What is the technical rating for CYTK stock?
ChartMill assigns a technical rating of 9 / 10 to CYTK.
What is the trend direction for CYTK stock?
The current trend direction for CYTOKINETICS INC (CYTK) is Bullish.
What is the RSI signal for CYTK stock?
CYTOKINETICS INC (CYTK) has an RSI value of 61.0313. This indicates that the stock is currently neutral.
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.
Can you provide the support and resistance levels for CYTOKINETICS INC?
CYTOKINETICS INC (CYTK) has a support level at 63.72 and a resistance level at 68.13. Check the full technical report for our detailed analysis of CYTK support and resistance levels.