CYTOKINETICS INC (CYTK) Stock Technical Analysis
NASDAQ:CYTK - US23282W6057 - Common Stock
38.34 USD
+0.29 (+0.76%)
38.34 USD
0 (0%)
Taking everything into account, CYTK scores 5 out of 10 in our technical rating. 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.
78% of all other stocks performed better in the past year than CYTK.
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.
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 1455780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CYTK is an average performer in the Biotechnology industry, it outperforms 53% of 549 stocks in the same industry.
CYTK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CYTK is lagging the market.
Although the technical rating is only medium, CYTK does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 38.54. Right above this resistance zone may be a good entry point.
More info and screens
32.11
39.35
We found 2 important support areas.
- A support zone ranging from 33.22 to 34.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.54 to 38.96. 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 | NEUTRAL | NEUTRAL | The long term trend for CYTK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CYTK is up. |
| ChartMill Relative Strength | 22.18 | NEGATIVE | CYTK has a low relative strength, it was outperformed by 77.82% 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) | 57.94 | NEUTRAL | The RSI value for CYTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests CYTK has a positive trend. |
| Stochastics (14,3) | 76.42 | NEUTRAL | The Stochastics value for CYTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CYTK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.73 | 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)
38.34
+0.29 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.76%
1 Week-0.85%
2 Weeks12.4%
1 Month3.12%
3 Month25.54%
6 Month-23.72%
12 Month-33.11%
2 Year9.73%
3 Year-27.61%
5 Year60.02%
10 Year454.05%
15 Year185.27%
Volatility
ATR(14)1.73
ATR(20)%4.37%
ATR Inc6.62%
Range Today1.46
ADR(20)1.65
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.18
Mansfield-2.11
10 Day High39.45
10 Day Low32.89
20 Day High39.45
20 Day Low32.89
52 Week High59.39
52 Week Low29.31
CS1 End34.1
CR1 Start38.54
Volume & EV
DER(3)0.87%
DER(5)0.83%
Volume1.55M
Volume Incr10.29%
Vol(5)1.53M
Vol(50)1.46M