MORPHIC HOLDING INC (MORF) Technical Analysis
NASDAQ:MORF • US61775R1059
Current stock price
MORF Technical Rating and Analysis
Overall MORF gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MORF has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MORF is part of the Biotechnology industry. There are 515 other stocks in this industry. MORF outperforms 85% of them.
- MORF is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- MORF has an average volume of 2937360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MORF is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month MORF has a been trading in a tight range between 56.35 and 57.00.
- Considerably lower volume is observed in the last couple of days.
MORF Weekly and Daily overview Charts
MORF Setup Rating and Analysis
MORF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 57.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.98, a Stop Loss order could be placed below this zone.
More info and screens
MORF Support and Resistance Analysis
26.37
We found 2 important support areas.
- A support zone ranging from 56.76 to 56.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.64 to 26.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 57.00 to 57.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
MORF 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 | UP | POSITIVE | The long term trend for MORF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MORF is up. |
| ChartMill Relative Strength | 94.75 | POSITIVE | MORF has a high relative strength, it outperformed 94.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MORF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MORF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MORF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.48 | OVERBOUGHT | The high RSI value suggests MORF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.84 | NEGATIVE | The MACD value suggests MORF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 97.87 | OVERBOUGHT | The high Stochastics value suggests MORF may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for MORF suggests low volalility. |
| Average Directional Index/ADX (14) | 70.74 | POSITIVE | The high ADX value value for MORF suggests a strong trend. |
MORF Chart- and CandleStick Pattern Analysis
MORF Example Setup
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 |
|---|---|---|---|
| 57.01 | 56.75 | 0.26 (0.46%) | 25.00% |
| An entry @57.01. This is a Buy Stop order right above the resistance zone. | An exit @56.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.26 points, which is 0.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
MORF Technicals: Chart, Performance Metrics, Trend & Indicators
56.99
+0.02 (+0.04%)
MORPHIC HOLDING INC / MORF TA FAQ
Can you provide the ChartMill technical rating for MORPHIC HOLDING INC?
ChartMill assigns a technical rating of 9 / 10 to MORF.
What is the trend direction for MORF stock?
The current trend direction for MORPHIC HOLDING INC (MORF) is Bullish.
Can you provide the RSI signal for MORPHIC HOLDING INC?
MORPHIC HOLDING INC (MORF) has an RSI value of 83.4767. This indicates that the stock is currently overbought.
Can you provide the short term momentum for MORPHIC HOLDING INC?
The short term momentum for MORPHIC HOLDING INC (MORF) is positive.
Can you provide the support and resistance levels for MORPHIC HOLDING INC?
MORPHIC HOLDING INC (MORF) has a support level at 56.98 and a resistance level at 57. Check the full technical report for our detailed analysis of MORF support and resistance levels.