Entasis Therapeutics Holdings Inc (ETTX) Technical Analysis
NASDAQ:ETTX • US2936141033
Current stock price
ETTX Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ETTX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ETTX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- ETTX is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 515 stocks in the same industry.
- Looking at the yearly performance, ETTX did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- ETTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETTX is lagging the market.
- In the last month ETTX has a been trading in a tight range between 2.18 and 2.20.
- Considerably lower volume is observed in the last couple of days.
ETTX Weekly and Daily overview Charts
ETTX Setup Rating and Analysis
ETTX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.19, a Stop Loss order could be placed below this zone.
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ETTX Support and Resistance Analysis
1.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.18 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.90 to 1.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.84 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.19 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ETTX 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 ETTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETTX is up. |
| ChartMill Relative Strength | 90.67 | POSITIVE | ETTX has a high relative strength, it outperformed 90.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.72 | NEUTRAL | The RSI value for ETTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ETTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ETTX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for ETTX suggests low volalility. |
ETTX Chart- and CandleStick Pattern Analysis
ETTX Example Setup
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 |
|---|---|---|---|
| 2.20 | 2.17 | 0.03 (1.50%) | 25.00% |
| An entry @2.20. This is a Buy Stop order right above the 10 day moving average. | An exit @2.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 1.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- 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.
ETTX Technicals: Chart, Performance Metrics, Trend & Indicators
Entasis Therapeutics Holdings Inc
NASDAQ:ETTX (7/8/2022, 8:00:02 PM)
2.19
-0.01 (-0.45%)
Entasis Therapeutics Holdings Inc / ETTX TA FAQ
What is the ChartMill technical rating of Entasis Therapeutics Holdings Inc (ETTX) stock?
ChartMill assigns a technical rating of 7 / 10 to ETTX.
Can you provide the trend direction for Entasis Therapeutics Holdings Inc?
The current trend direction for Entasis Therapeutics Holdings Inc (ETTX) is Bullish.
What is the RSI signal for ETTX stock?
Entasis Therapeutics Holdings Inc (ETTX) has an RSI value of 62.7245. This indicates that the stock is currently neutral.
What is the short term momentum for Entasis Therapeutics Holdings Inc (ETTX) stock?
The short term momentum for Entasis Therapeutics Holdings Inc (ETTX) is positive.
Can you provide the buy/sell signal for Entasis Therapeutics Holdings Inc?
The buy/sell signal for Entasis Therapeutics Holdings Inc (ETTX) is buy as both the short term and long term trends are positive.