ENTO Technical Analysis - ENTERO THERAPEUTICS INC

Technical Rating and Analysis

Overall ENTO gets a technical rating of 8 out of 10. 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.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

ENTO is part of the Biotechnology industry. There are 536 other stocks in this industry. ENTO outperforms 97% 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 2.31 - 5.47 range, which is quite wide. It is currently trading near the high of this range.

ENTO has an average volume of 6412520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ENTO did better than 98% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Considerably lower volume is observed in the last couple of days.

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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 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

3.00

5.22

3 important support areas can be observed.

Support @3.99 from a horizontal line in the daily time frame.
Support @3.35 from a trend line in the daily time frame.
Support @3.03 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 5.17 to 5.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for ENTO is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ENTO is neutral.
ChartMill Relative Strength	98.55	POSITIVE	ENTO has a high relative strength, it outperformed 98.55% 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)	61.64	NEUTRAL	The RSI value for ENTO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests ENTO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	24.93	NEUTRAL	The Stochastics value for ENTO is a neutral value.
Average True Range in percent/ATR (20)	13.72	HIGH VOLATILITY	The high ATR as a percentage value for ENTO suggests high volalility.
Average Directional Index/ADX (14)	45.84	POSITIVE	The high ADX value value for ENTO suggests a strong trend.