ITEOS THERAPEUTICS INC (ITOS) Stock Technical Analysis
NASDAQ:ITOS - Nasdaq - US46565G1040 - Common Stock - Currency: USD
Taking everything into account, ITOS scores 8 out of 10 in our technical rating. Although ITOS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ITOS is part of the Biotechnology industry. There are 559 other stocks in this industry. ITOS outperforms 71% of them.
ITOS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ITOS has an average volume of 1484440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ITOS turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
ITOS 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 ITOS is lagging the market slightly.
ITOS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.16, a Stop Loss order could be placed below this zone.
More info and screens
8.18
10.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.97 to 10.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.26 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.18 to 10.21. 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 ITOS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITOS is up. |
| ChartMill Relative Strength | 46.19 | NEUTRAL | ITOS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITOS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITOS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ITOS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.85 | OVERBOUGHT | The high RSI value suggests ITOS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ITOS has a negative trend. |
| Stochastics (14,3) | 58.02 | NEUTRAL | The Stochastics value for ITOS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ITOS suggests some volalility. |
| Average Directional Index/ADX (14) | 45.01 | POSITIVE | The high ADX value value for ITOS 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.22 | 9.96 | 0.26 (2.54%) | 25.00% |
| An entry @10.22. This is a Buy Stop order right above the resistance zone. | An exit @9.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.26 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of ITOS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.17
+0.19 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.9%
1 Week0%
2 Weeks1.5%
1 Month27.6%
3 Month38.93%
6 Month32.42%
12 Month-37.34%
2 Year-23.19%
3 Year-50.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%4.19%
ATR Inc-53.72%
Range Today0.23
ADR(20)0.34
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.19
Mansfield-0.33
10 Day High10.31
10 Day Low9.9
20 Day High11.35
20 Day Low7.73
52 Week High18.13
52 Week Low4.8
CS1 End10.16
CR1 Start10.18
Volume & EV
DER(3)-1.64%
DER(5)-1.75%
Volume1.11M
Volume Incr-65.11%
Vol(5)979.56K
Vol(50)1.48M