Taking everything into account, EWTX scores 6 out of 10 in our technical rating. In the last year, EWTX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, EWTX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
14.02
We found 4 important support areas.
- A support zone ranging from 20.94 to 20.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.56 from a trend line in the daily time frame.
- Support @14.89 from a horizontal line in the daily time frame.
- A support zone ranging from 14.16 to 14.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @25.29 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for EWTX is neutral. |
| ChartMill Relative Strength | 58.86 | NEUTRAL | EWTX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of EWTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EWTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests EWTX has a negative trend. |
| Stochastics (14,3) | 50.67 | NEUTRAL | The Stochastics value for EWTX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.22 | HIGH VOLATILITY | The high ATR as a percentage value for EWTX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.5 | POSITIVE | The high ADX value value for EWTX suggests a strong trend. |
21.745
+0.8 (+3.84%)
EDGEWISE THERAPEUTICS INC / EWTX FAQ
What is the technical rating for EWTX stock?
ChartMill assigns a technical rating of 6 / 10 to EWTX.
Can you provide the trend direction for EDGEWISE THERAPEUTICS INC?
The current trend direction for EDGEWISE THERAPEUTICS INC (EWTX) is Bullish.
What is the RSI signal for EWTX stock?
EDGEWISE THERAPEUTICS INC (EWTX) has an RSI value of 47.9957. This indicates that the stock is currently neutral.
What is the MACD signal for EWTX stock?
The MACD indicator for EDGEWISE THERAPEUTICS INC (EWTX) has a value of -0.443363, indicating a bearish trend.
What is the short term momentum for EDGEWISE THERAPEUTICS INC (EWTX) stock?
The short term momentum for EDGEWISE THERAPEUTICS INC (EWTX) is neutral.