EDGEWISE THERAPEUTICS INC (EWTX) Stock Technical Analysis
NASDAQ:EWTX - Nasdaq - US28036F1057 - Common Stock - Currency: USD
Overall EWTX gets a technical rating of 0 out of 10. EWTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EWTX is a bad performer in the overall market: 85% of all stocks are doing better.
EWTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
EWTX is an average performer in the Pharmaceuticals industry, it outperforms 40% of 195 stocks in the same industry.
In the last month EWTX has a been trading in the 12.15 - 15.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EWTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for EWTX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.34
19.09
We found 2 important support areas.
- Support @13.02 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.46 to 12.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @14.89 from a trend line in the daily time frame.
- A resistance zone ranging from 15.28 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @15.76 from a horizontal line in the daily time frame.
- Resistance @18.90 from a trend line 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 | DOWN | NEGATIVE | The long term trend for EWTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EWTX is down. |
| ChartMill Relative Strength | 15.23 | NEGATIVE | EWTX has a low relative strength, it was outperformed by 84.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EWTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EWTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.37 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EWTX has a positive trend. |
| Stochastics (14,3) | 66.05 | NEUTRAL | The Stochastics value for EWTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for EWTX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for EWTX suggests a weak or negative 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)
13.84
-0.03 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.22%
1 Week6.22%
2 Weeks5.97%
1 Month-12.13%
3 Month21.19%
6 Month-42.69%
12 Month-38.27%
2 Year89.85%
3 Year43.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%5.05%
ATR Inc-40.55%
Range Today0.39
ADR(20)0.65
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.23
Mansfield-4.37
10 Day High14.3
10 Day Low12.51
20 Day High15.68
20 Day Low12.15
52 Week High38.12
52 Week Low10.6
CS1 End13.02
CR1 Start14.89
Volume & EV
DER(3)5.34%
DER(5)3.67%
Volume487.00K
Volume Incr-28.34%
Vol(5)651.88K
Vol(50)975.47K