KORRO BIO INC (KRRO) Stock Technical Analysis
NASDAQ:KRRO - Nasdaq - US5009461089 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to KRRO. Recently some decent action could be observed, but in the medium term time frame this is still negative. KRRO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, KRRO is a bad performer in the overall market: 97% of all stocks are doing better.
KRRO is part of the Biotechnology industry. There are 553 other stocks in this industry, of which 78% are performing better than KRRO.
KRRO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
In the last month KRRO has a been trading in the 12.27 - 17.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
KRRO has an average technical rating and it also does not offer a high 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
13.32
17.02
2 important support areas can be observed.
- A support zone ranging from 15.10 to 15.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.45 to 13.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @15.51 from a trend line in the daily time frame.
- A resistance zone ranging from 16.02 to 16.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.85 from a horizontal line in the daily time frame.
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 | 3.36 | NEGATIVE | KRRO has a low relative strength, it was outperformed by 96.64% 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) | 55.84 | NEUTRAL | The RSI value for KRRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests KRRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.04 | NEUTRAL | The Stochastics value for KRRO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.95 | HIGH VOLATILITY | The high ATR as a percentage value for KRRO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.39 | NEUTRAL | The ADX value for KRRO suggests a possible start of a new 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)
15.16
-0.45 (-2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.88%
1 Week6.84%
2 Weeks19.75%
1 Month21.38%
3 Month-27.59%
6 Month-55.57%
12 Month-63.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%8.95%
ATR Inc-12.93%
Range Today1.39
ADR(20)1.35
ADR(20)%8.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.36
Mansfield-5.62
10 Day High17.82
10 Day Low12.51
20 Day High17.82
20 Day Low12.27
52 Week High98
52 Week Low10.29
CS1 End15.15
CR1 Start15.51
Volume & EV
DER(3)-2.78%
DER(5)-2.53%
Volume71.02K
Volume Incr11.26%
Vol(5)130.84K
Vol(50)148.93K