KORRO BIO INC (KRRO) Stock Technical Analysis
NASDAQ:KRRO • US5009461089
Taking everything into account, KRRO scores 5 out of 10 in our technical rating. In the past year, KRRO was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- 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.
- When comparing the yearly performance of all stocks, we notice that KRRO is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- KRRO is part of the Biotechnology industry. There are 520 other stocks in this industry, KRRO did better than 69% of them.
- In the last month KRRO has a been trading in the 10.81 - 13.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, KRRO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.34. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.99
When analyzing the support we can see 2 important areas.
- Support @11.36 from a trend line in the daily time frame.
- A support zone ranging from 11.10 to 11.10. 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 13.34 to 13.34. 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 | 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 | 85.3 | POSITIVE | KRRO has a high relative strength, it outperformed 85.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of KRRO is above a declining 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) | 56.43 | NEUTRAL | The RSI value for KRRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests KRRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.76 | NEUTRAL | The Stochastics value for KRRO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for KRRO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for KRRO suggests a weak or negative trend. |
12.13
+0.03 (+0.25%)
KORRO BIO INC / KRRO FAQ
Can you provide the ChartMill technical rating for KORRO BIO INC?
ChartMill assigns a technical rating of 5 / 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 56.4287. 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 11.36 and a resistance level at 13.34. Check the full technical report for our detailed analysis of KRRO support and resistance levels.