EDGEWISE THERAPEUTICS INC (EWTX) Stock Technical Analysis
USA - NASDAQ:EWTX - US28036F1057 - Common Stock
15.11 USD
-0.94 (-5.86%)
15.11 USD
0 (0%)
We assign a technical rating of 5 out of 10 to EWTX. EWTX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
89% of all other stocks performed better in the past year than EWTX.
EWTX is one of the lesser performing stocks in the Pharmaceuticals industry. 70% of 196 stocks in the same industry do 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month EWTX has a been trading in the 13.69 - 17.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
12.48
17.08
We found 5 important support areas.
- A support zone ranging from 14.48 to 14.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.23 from a horizontal line in the weekly time frame.
- Support @13.69 from a horizontal line in the daily time frame.
- A support zone ranging from 13.35 to 13.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.61 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @16.06 from a horizontal line in the weekly time frame.
- Resistance @16.91 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 | NEUTRAL | NEUTRAL | The long term trend for EWTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWTX is neutral. |
| ChartMill Relative Strength | 11.81 | NEGATIVE | EWTX has a low relative strength, it was outperformed by 88.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWTX is below 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 | NEGATIVE | The current price of EWTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.84 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EWTX has a negative trend. |
| Stochastics (14,3) | 42.42 | NEUTRAL | The Stochastics value for EWTX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for EWTX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.09 | POSITIVE | The high ADX value value for EWTX suggests a strong 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)
15.11
-0.94 (-5.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-5.86%
1 Week-3.45%
2 Weeks-5.86%
1 Month6.11%
3 Month9.18%
6 Month32.31%
12 Month-52.66%
2 Year136.09%
3 Year58.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%7.05%
ATR Inc19.86%
Range Today1.39
ADR(20)1.02
ADR(20)%6.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.81
Mansfield-3.46
10 Day High16.51
10 Day Low14.67
20 Day High17
20 Day Low13.69
52 Week High38.12
52 Week Low10.6
CS1 End14.6
CR1 Start16.06
Volume & EV
DER(3)-0.41%
DER(5)-1.08%
Volume771.60K
Volume Incr-0.46%
Vol(5)939.46K
Vol(50)862.41K