EDGEWISE THERAPEUTICS INC (EWTX) Stock Technical Analysis
NASDAQ:EWTX - US28036F1057 - Common Stock
14.3 USD
-0.55 (-3.7%)
14.3 USD
0 (0%)
Taking everything into account, EWTX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EWTX was also a bad performer in the overall market in the last year.
86% of all other stocks performed better in the past year than EWTX.
EWTX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 61% are performing better than EWTX.
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.
In the last month EWTX has a been trading in the 12.30 - 15.33 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EWTX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.47
15.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.83 to 14.06. 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 12.60 to 13.02. 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 14.75 to 14.86. 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 | DOWN | NEGATIVE | The long term trend for EWTX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWTX is up. |
| ChartMill Relative Strength | 14.92 | NEGATIVE | EWTX has a low relative strength, it was outperformed by 85.08% 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) | DOWN | MIXED | The current price of EWTX is above a declining 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) | 54.43 | NEUTRAL | The RSI value for EWTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EWTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.9 | OVERBOUGHT | The high Stochastics value suggests EWTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for EWTX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.65 | NEGATIVE | The low ADX value for EWTX suggests a weak or negative 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)
14.3
-0.55 (-3.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.7%
1 Week2.14%
2 Weeks10.08%
1 Month0.28%
3 Month0.14%
6 Month-45.36%
12 Month-23.73%
2 Year128.8%
3 Year41.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%4.96%
ATR Inc-11.46%
Range Today0.65
ADR(20)0.69
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.92
Mansfield-4.12
10 Day High15.21
10 Day Low12.84
20 Day High15.33
20 Day Low12.3
52 Week High38.12
52 Week Low10.6
CS1 End14.06
CR1 Start14.75
Volume & EV
DER(3)1.89%
DER(5)-0.35%
Volume485.30K
Volume Incr-10.05%
Vol(5)585.74K
Vol(50)680.50K