Eidos Therapeutics Inc (EIDX) Stock Technical Analysis
NASDAQ:EIDX - Nasdaq -
We assign a technical rating of 9 out of 10 to EIDX. In the last year, EIDX was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that EIDX is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, EIDX also shows a nice and consistent pattern of rising prices.
EIDX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month EIDX has a been trading in the 116.24 - 132.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, EIDX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 131.59. Right above this resistance zone may be a good entry point. 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.
More info and screens
43.26
132.91
We found 2 important support areas.
- Support @117.32 from a horizontal line in the daily time frame.
- Support @43.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 131.59 to 131.59. 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 | UP | POSITIVE | The long term trend for EIDX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EIDX is neutral. |
| ChartMill Relative Strength | 91.31 | POSITIVE | EIDX has a high relative strength, it outperformed 91.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EIDX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EIDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.72 | NEUTRAL | The RSI value for EIDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.3 | NEGATIVE | The MACD value suggests EIDX has a negative trend. |
| Stochastics (14,3) | 51.22 | NEUTRAL | The Stochastics value for EIDX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for EIDX suggests high volalility. |
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)
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 |
|---|---|---|---|
| 125.53 | 117.31 | 8.22 (6.55%) | 15.28% |
| An entry @125.53. This is a Buy Stop order right above the 10 day moving average. | An exit @117.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.22 points, which is 6.55%. | When investing 15.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of EIDX. Please evaluate whether better entry and exit points can be found.
- 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.
122.21
-6.23 (-4.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.85%
1 Week-3.4%
2 Weeks1.03%
1 Month-4.04%
3 Month72.32%
6 Month204.76%
12 Month129.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.96
ATR(20)%5.01%
ATR Inc71.45%
Range Today11.66
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.31
Mansfield6.6
10 Day High131.08
10 Day Low116.83
20 Day High132.54
20 Day Low116.24
52 Week High132.54
52 Week Low28.39
CS1 End117.32
CR1 Start131.59
Volume & EV
DER(3)0.93%
DER(5)0.42%
Volume335.50K
Volume Incr50.7%
Vol(5)168.96K
Vol(50)145.72K