EDGEWISE THERAPEUTICS INC (EWTX) Stock Technical Analysis
USA - NASDAQ:EWTX - US28036F1057 - Common Stock
Taking everything into account, EWTX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWTX is only an average performer.
Although EWTX has an excellent technical rating, it does not offer a high quality setup 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
13.65
We found 4 important support areas.
- A support zone ranging from 19.05 to 19.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.66 from a trend line in the daily time frame.
- Support @14.89 from a horizontal line in the daily time frame.
- Support @13.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.63 to 22.75. 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 | 79.81 | POSITIVE | EWTX has a high relative strength, it outperformed 79.81% 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) | 70.01 | OVERBOUGHT | The high RSI value suggests EWTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests EWTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.43 | NEUTRAL | The Stochastics value for EWTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for EWTX suggests high volalility. |
| Average Directional Index/ADX (14) | 49.75 | POSITIVE | The high ADX value value for EWTX suggests a strong trend. |
22.25
-0.09 (-0.4%)
EDGEWISE THERAPEUTICS INC / EWTX FAQ
What is the technical rating for EWTX stock?
ChartMill assigns a technical rating of 8 / 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 70.0058. This indicates that the stock is currently overbought.
What is the MACD signal for EWTX stock?
The MACD indicator for EDGEWISE THERAPEUTICS INC (EWTX) has a value of 0.342235, 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.