KYMERA THERAPEUTICS INC (KYMR) Stock Technical Analysis
NASDAQ:KYMR - Nasdaq - US5015751044 - Common Stock - Currency: USD
Overall KYMR gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KYMR is showing a nice and steady performance.
Besides having an excellent technical rating, KYMR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 44.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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24.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.42 to 44.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.87 from a trend line in the daily time frame.
- Support @24.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @46.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 47.74 to 48.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @50.96 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for KYMR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KYMR is up. |
| ChartMill Relative Strength | 89.5 | POSITIVE | KYMR has a high relative strength, it outperformed 89.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of KYMR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KYMR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KYMR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.48 | NEUTRAL | The RSI value for KYMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests KYMR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.67 | NEUTRAL | The Stochastics value for KYMR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for KYMR suggests some volalility. |
| Average Directional Index/ADX (14) | 33.69 | POSITIVE | The high ADX value value for KYMR suggests a strong trend. |
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 |
|---|---|---|---|
| 46.96 | 43.41 | 3.55 (7.56%) | 13.23% |
| An entry @46.96. This is a Buy Stop order right above the resistance zone. | An exit @43.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.55 points, which is 7.56%. | When investing 13.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
46.18
-0.17 (-0.37%)