MORPHIC HOLDING INC (MORF) Stock Technical Analysis
NASDAQ:MORF - Nasdaq - US61775R1059 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to MORF. 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.
Both the short term and long term trends are positive. This is a very positive sign.
MORF is part of the Biotechnology industry. There are 557 other stocks in this industry. MORF outperforms 91% 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.
Looking at the yearly performance, MORF did better than 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong 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 has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
26.37
57.57
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.
When analyzing the resistance we notice one important 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.
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. |
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)
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.
56.99
+0.02 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.04%
1 Week0.19%
2 Weeks0.3%
1 Month1.19%
3 Month94.97%
6 Month51.25%
12 Month5.11%
2 Year107.09%
3 Year-9.55%
5 Year208.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.18%
ATR Inc-79.71%
Range Today0.03
ADR(20)0.09
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.75
Mansfield5.28
10 Day High57
10 Day Low56.76
20 Day High57
20 Day Low56.35
52 Week High57
52 Week Low19.35
CS1 End56.98
CR1 Start57
Volume & EV
DER(3)2.24%
DER(5)-1.12%
Volume1.80M
Volume Incr-41.97%
Vol(5)1.34M
Vol(50)2.94M