GRAPHITE BIO INC (GRPH) Stock Technical Analysis
NASDAQ:GRPH - Nasdaq - US38870X1046 - Common Stock - Currency: USD
Taking everything into account, GRPH scores 7 out of 10 in our technical rating. GRPH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
GRPH is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 558 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, GRPH did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
GRPH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GRPH is lagging the market slightly.
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.
GRPH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
When analyzing the support we can see 4 important 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