ALPHA TAU MEDICAL LTD (DRTS) Stock Technical Analysis
NASDAQ:DRTS - Nasdaq - IL0011839383 - Common Stock - Currency: USD
Taking everything into account, DRTS scores 9 out of 10 in our technical rating. In the last year, DRTS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, DRTS did better than 86% of all other stocks.
DRTS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 85% of 188 stocks in the same industry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DRTS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRTS is lagging the market slightly.
In the last month DRTS has a been trading in the 2.50 - 3.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DRTS has an excellent technical rating, the quality of the presented setup is not ideal 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
2.50
3.30
We found 3 important support areas.
- A support zone ranging from 2.78 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.68 to 2.68. 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 2.53 to 2.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.22 to 3.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 DRTS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRTS is up. |
| ChartMill Relative Strength | 86.72 | POSITIVE | DRTS has a high relative strength, it outperformed 86.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.81 | NEUTRAL | The RSI value for DRTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DRTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.51 | NEUTRAL | The Stochastics value for DRTS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for DRTS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.51 | NEUTRAL | The ADX value for DRTS suggests a possible start of a new 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)
3
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0%
1 Week7.53%
2 Weeks1.69%
1 Month13.64%
3 Month11.94%
6 Month29.31%
12 Month18.58%
2 Year-24.43%
3 Year-61.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%7.22%
ATR Inc8.48%
Range Today0.13
ADR(20)0.21
ADR(20)%6.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.72
Mansfield1.29
10 Day High3.5
10 Day Low2.75
20 Day High3.5
20 Day Low2.5
52 Week High4.39
52 Week Low1.75
CS1 End2.83
CR1 Start3.01
Volume & EV
DER(3)-13.09%
DER(5)-9.55%
Volume48.00K
Volume Incr141.52%
Vol(5)90.28K
Vol(50)39.61K