EDGEWISE THERAPEUTICS INC (EWTX) Stock Technical Analysis
NASDAQ:EWTX • US28036F1057
Overall EWTX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWTX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- EWTX 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.
- EWTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- EWTX has an average volume of 1362680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, EWTX did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- EWTX is an average performer in the Pharmaceuticals industry, it outperforms 61% of 192 stocks in the same industry.
Besides having an excellent technical rating, EWTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 27.28, a Stop Loss order could be placed below this zone.
More info and screens
14.60
We found 2 important support areas.
- A support zone ranging from 26.40 to 27.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.75 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.01 to 30.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.00 from a horizontal 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 | UP | POSITIVE | The long term trend for EWTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWTX is up. |
| ChartMill Relative Strength | 70.21 | POSITIVE | EWTX has a high relative strength, it outperformed 70.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.52 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests EWTX has a negative trend. |
| Stochastics (14,3) | 67.47 | NEUTRAL | The Stochastics value for EWTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for EWTX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for EWTX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 30.03 | 28.18 | 1.85 (6.17%) | 16.20% |
| An entry @30.03. This is a Buy Stop order right above the resistance zone. | An exit @28.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.85 points, which is 6.17%. | When investing 16.20% 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 EWTX. 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.
29.66
-0.46 (-1.53%)
EDGEWISE THERAPEUTICS INC / EWTX FAQ
What is the technical rating for EWTX stock?
ChartMill assigns a technical rating of 8 / 10 to EWTX.
What is the current trend direction of EDGEWISE THERAPEUTICS INC (EWTX) stock?
The current trend direction for EDGEWISE THERAPEUTICS INC (EWTX) is Bullish.
Can you provide the RSI signal for EDGEWISE THERAPEUTICS INC?
EDGEWISE THERAPEUTICS INC (EWTX) has an RSI value of 53.519. This indicates that the stock is currently neutral.
What is the buy/sell signal for EWTX stock?
The buy/sell signal for EDGEWISE THERAPEUTICS INC (EWTX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for EDGEWISE THERAPEUTICS INC?
EDGEWISE THERAPEUTICS INC (EWTX) has a support level at 27.28 and a resistance level at 30.01. Check the full technical report for our detailed analysis of EWTX support and resistance levels.