CYTK Technical Analysis - CYTOKINETICS INC

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to CYTK. In the last year, CYTK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

CYTK is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 541 stocks in the same industry.

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 35.22 - 54.22 range, which is quite wide. It is currently trading near the high of this range.

CYTK has an average volume of 1945680 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 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CYTOKINETICS INC / CYTK Weekly stock chart

CYTOKINETICS INC / CYTK Daily stock chart

Setup Rating and Analysis

Although CYTK has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

32.11

53.86

When analyzing the support we can see 4 important areas.

Support @36.68 from a trend line in the daily time frame.
Support @35.73 from a trend line in the weekly time frame.
Support @34.35 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 53.02 to 53.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	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	78.61	POSITIVE	CYTK has a high relative strength, it outperformed 78.61% 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)	67.65	NEUTRAL	The RSI value for CYTK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.94	POSITIVE	The MACD value suggests CYTK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	89.11	OVERBOUGHT	The high Stochastics value suggests CYTK may be overbought.
Average True Range in percent/ATR (20)	5.25	HIGH VOLATILITY	The high ATR as a percentage value for CYTK suggests high volalility.
Average Directional Index/ADX (14)	41.75	POSITIVE	The high ADX value value for CYTK suggests a strong trend.