We assign a technical rating of 3 out of 10 to KRRO. In the past year, KRRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 98% of all other stocks performed better in the past year than KRRO.
- KRRO is part of the Biotechnology industry. There are 524 other stocks in this industry, of which 85% are performing better than KRRO.
- KRRO 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 KRRO has a been trading in the 7.82 - 14.94 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of KRRO is bad and it also does not present a 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
9.01
We found 2 important support areas.
- Support @9.61 from a trend line in the daily time frame.
- Support @9.10 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.15 to 13.34. 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 | DOWN | NEGATIVE | The long term trend for KRRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRRO is up. |
| ChartMill Relative Strength | 2.91 | NEGATIVE | KRRO has a low relative strength, it was outperformed by 97.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KRRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.88 | NEUTRAL | The RSI value for KRRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests KRRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.19 | NEUTRAL | The Stochastics value for KRRO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for KRRO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.38 | POSITIVE | The high ADX value value for KRRO suggests a strong trend. |
12.7
-0.35 (-2.68%)
KORRO BIO INC / KRRO FAQ
Can you provide the ChartMill technical rating for KORRO BIO INC?
ChartMill assigns a technical rating of 3 / 10 to KRRO.
Can you provide the trend direction for KORRO BIO INC?
The current trend direction for KORRO BIO INC (KRRO) is Bearish.
Can you provide the RSI signal for KORRO BIO INC?
KORRO BIO INC (KRRO) has an RSI value of 67.8798. This indicates that the stock is currently neutral.
What is the buy/sell signal for KORRO BIO INC (KRRO) stock?
The buy/sell signal for KORRO BIO INC (KRRO) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for KORRO BIO INC?
KORRO BIO INC (KRRO) has a support level at 9.61 and a resistance level at 13.15. Check the full technical report for our detailed analysis of KRRO support and resistance levels.