GRAPHITE BIO INC (GRPH) Stock Technical Analysis
NASDAQ:GRPH - US38870X1046 - Common Stock
3.18 USD
-0.09 (-2.75%)
3.22 USD
+0.04 (+1.26%)
We assign a technical rating of 7 out of 10 to GRPH. In the last year, GRPH was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
GRPH is part of the Biotechnology industry. There are 547 other stocks in this industry. GRPH outperforms 79% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that GRPH is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
GRPH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRPH is lagging the market.
In the last month GRPH has a been trading in the 2.57 - 4.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, GRPH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.06, a Stop Loss order could be placed below this zone.
More info and screens
2.20
3.43
We found 4 important support areas.
- A support zone ranging from 2.96 to 3.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.38 from a trend line in the weekly time frame.
- A support zone ranging from 2.28 to 2.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.22 to 2.22. 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 3.34 to 3.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for GRPH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRPH is neutral. |
| ChartMill Relative Strength | 88.02 | POSITIVE | GRPH has a high relative strength, it outperformed 88.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GRPH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRPH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRPH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.77 | NEUTRAL | The RSI value for GRPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GRPH has a negative trend. |
| Stochastics (14,3) | 35.7 | NEUTRAL | The Stochastics value for GRPH is a neutral value. |
| Average True Range in percent/ATR (20) | 10.01 | HIGH VOLATILITY | The high ATR as a percentage value for GRPH suggests high volalility. |
| Average Directional Index/ADX (14) | 19.64 | NEGATIVE | The low ADX value for GRPH 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)
3.18
-0.09 (-2.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.75%
1 Week-8.62%
2 Weeks1.6%
1 Month4.95%
3 Month33.05%
6 Month33.61%
12 Month29.8%
2 Year-37.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%10.01%
ATR Inc-23.95%
Range Today0.18
ADR(20)0.29
ADR(20)%8.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.02
Mansfield0.51
10 Day High4.26
10 Day Low2.57
20 Day High4.26
20 Day Low2.57
52 Week High4.26
52 Week Low2.01
CS1 End3.06
CR1 Start3.34
Volume & EV
DER(3)-3.35%
DER(5)-0.55%
Volume328.30K
Volume Incr11.76%
Vol(5)525.40K
Vol(50)295.62K