ENTO Technical Analysis - ENTERO THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to ENTO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENTO is showing a nice and steady performance.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, ENTO did better than 99% of all other stocks.

ENTO is part of the Biotechnology industry. There are 540 other stocks in this industry. ENTO outperforms 98% of them.

ENTO 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 ENTO is lagging the market slightly.

In the last month ENTO has a been trading in the 1.73 - 5.20 range, which is quite wide. It is currently trading near the high of this range.

ENTO has an average volume of 6772250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ENTERO THERAPEUTICS INC / ENTO Weekly stock chart

ENTERO THERAPEUTICS INC / ENTO Daily stock chart

Setup Rating and Analysis

Although ENTO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.48

4.84

We found 1 important support area.

Support @2.51 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 4.77 to 4.79. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for ENTO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ENTO is up.
ChartMill Relative Strength	99.04	POSITIVE	ENTO has a high relative strength, it outperformed 99.04% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ENTO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ENTO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ENTO is above the rising SMA(200).
Relative Strength Index/RSI (14)	82.35	OVERBOUGHT	The high RSI value suggests ENTO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.2	POSITIVE	The MACD value suggests ENTO has a positive trend.
Stochastics (14,3)	87.74	OVERBOUGHT	The high Stochastics value suggests ENTO may be overbought.
Average True Range in percent/ATR (20)	8.61	HIGH VOLATILITY	The high ATR as a percentage value for ENTO suggests high volalility.
Average Directional Index/ADX (14)	51.15	POSITIVE	The high ADX value value for ENTO suggests a strong trend.