KORRO BIO INC (KRRO) Technical Analysis
NASDAQ:KRRO • US5009461089
Current stock price
KRRO Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to KRRO. KRRO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 70% of all other stocks performed better in the past year than KRRO.
- KRRO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KRRO is lagging the market.
- In the last month KRRO has a been trading in the 10.25 - 14.79 range, which is quite wide. It is currently trading near the lows of this range.
- KRRO is part of the Biotechnology industry. There are 517 other stocks in this industry, KRRO did better than 47% of them.
- Considerably lower volume is observed in the last couple of days.
KRRO Weekly and Daily overview Charts
KRRO Setup Rating and Analysis
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
KRRO Support and Resistance Analysis
10.29
We found 1 important support area.
- A support zone ranging from 10.39 to 10.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.22 to 11.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.62 from a trend line in the daily time frame.
KRRO Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for KRRO is down. |
| ChartMill Relative Strength | 30.29 | NEUTRAL | KRRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KRRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KRRO is below 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) | 42.18 | NEUTRAL | The RSI value for KRRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests KRRO has a negative trend. |
| Stochastics (14,3) | 7.83 | OVERSOLD | The low Stochastics value suggests KRRO may be oversold. |
| Average True Range in percent/ATR (20) | 9.51 | HIGH VOLATILITY | The high ATR as a percentage value for KRRO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for KRRO suggests a weak or negative trend. |
KRRO Chart- and CandleStick Pattern Analysis
KRRO Technicals: Chart, Performance Metrics, Trend & Indicators
10.4
-0.51 (-4.67%)
KORRO BIO INC / KRRO TA FAQ
Can you provide the ChartMill technical rating for KORRO BIO INC?
ChartMill assigns a technical rating of 1 / 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 42.1813. 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 sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for KORRO BIO INC?
KORRO BIO INC (KRRO) has a support level at 10.39 and a resistance level at 11.22. Check the full technical report for our detailed analysis of KRRO support and resistance levels.