We assign a technical rating of 9 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.
Besides having an excellent technical rating, EWTX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.93. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
13.87
We found 4 important support areas.
- Support @22.98 from a horizontal line in the daily time frame.
- Support @16.27 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 14.01 to 14.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.93 to 26.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 87.18 | POSITIVE | EWTX has a high relative strength, it outperformed 87.18% 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) | DOWN | MIXED | The current price of EWTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.89 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests EWTX has a negative trend. |
| Stochastics (14,3) | 36.91 | NEUTRAL | The Stochastics value for EWTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for EWTX suggests high volalility. |
| Average Directional Index/ADX (14) | 41.93 | POSITIVE | The high ADX value value for EWTX suggests a strong 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 |
|---|---|---|---|
| 23.67 | 22.97 | 0.70 (2.94%) | 25.00% |
| An entry @23.67. This is a Buy Stop order right above the 10 day moving average. | An exit @22.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 2.94%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
23.62
+0.19 (+0.81%)
EDGEWISE THERAPEUTICS INC / EWTX FAQ
What is the technical rating for EWTX stock?
ChartMill assigns a technical rating of 9 / 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 59.8863. 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 -0.312592, 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 positive.