LPTX Technical Analysis - LEAP THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to LPTX. In the last year, LPTX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, LPTX is a bad performer in the overall market: 75% of all stocks are doing better.

LPTX 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

LPTX has an average volume of 4049840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

LPTX is an average performer in the Biotechnology industry, it outperforms 43% of 536 stocks in the same industry.

In the last month LPTX has a been trading in the 0.28 - 0.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LEAP THERAPEUTICS INC / LPTX Weekly stock chart

LEAP THERAPEUTICS INC / LPTX Daily stock chart

Setup Rating and Analysis

LPTX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.27

0.65

We found 2 important support areas.

Support @0.32 from a trend line in the daily time frame.
Support @0.27 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for LPTX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LPTX is up.
ChartMill Relative Strength	25.76	NEGATIVE	LPTX has a low relative strength, it was outperformed by 74.24% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LPTX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LPTX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LPTX is below a declining SMA(200).
Relative Strength Index/RSI (14)	54.43	NEUTRAL	The RSI value for LPTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests LPTX has a negative trend.
Stochastics (14,3)	42.75	NEUTRAL	The Stochastics value for LPTX is a neutral value.
Average True Range in percent/ATR (20)	19.97	HIGH VOLATILITY	The high ATR as a percentage value for LPTX suggests high volalility.
Average Directional Index/ADX (14)	41.54	POSITIVE	The high ADX value value for LPTX suggests a strong trend.