EDGEWISE THERAPEUTICS INC (EWTX) Technical Analysis
NASDAQ:EWTX • US28036F1057
Current stock price
EWTX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to EWTX. Both in the recent history as in the last year, EWTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, EWTX did better than 94% of all other stocks.
- EWTX is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. EWTX outperforms 85% of them.
- 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.
- In the last month EWTX has a been trading in the 28.87 - 34.77 range, which is quite wide. It is currently trading near the high of this range.
EWTX Weekly and Daily overview Charts
EWTX Setup Rating and Analysis
EWTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EWTX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EWTX Support and Resistance Analysis
26.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.61 to 31.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.53 to 30.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.67 to 29.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.71 to 33.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
EWTX 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 EWTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWTX is up. |
| ChartMill Relative Strength | 94.54 | POSITIVE | EWTX has a high relative strength, it outperformed 94.54% 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) | 60.92 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests EWTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.54 | OVERBOUGHT | The high Stochastics value suggests EWTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for EWTX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for EWTX suggests a possible start of a new trend. |
EWTX Chart- and CandleStick Pattern Analysis
EWTX 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 |
|---|---|---|---|
| 33.86 | 31.69 | 2.17 (6.41%) | 15.60% |
| An entry @33.86. This is a Buy Stop order right above the resistance zone. | An exit @31.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 6.41%. | When investing 15.60% 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.
EWTX Technicals: Chart, Performance Metrics, Trend & Indicators
33.7
+0.54 (+1.63%)
EDGEWISE THERAPEUTICS INC / EWTX TA FAQ
What is the technical rating for EWTX stock?
ChartMill assigns a technical rating of 10 / 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.
What is the RSI signal for EDGEWISE THERAPEUTICS INC (EWTX) stock?
EDGEWISE THERAPEUTICS INC (EWTX) has an RSI value of 60.9204. This indicates that the stock is currently neutral.
What is the short term momentum for EDGEWISE THERAPEUTICS INC (EWTX) stock?
The short term momentum for EDGEWISE THERAPEUTICS INC (EWTX) is positive.
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.