METACRINE INC (MTCR) Stock Technical Analysis
NASDAQ:MTCR - Nasdaq - US59101E1038 - Common Stock - Currency: USD
Overall MTCR gets a technical rating of 7 out of 10. Although MTCR has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MTCR is part of the Biotechnology industry. There are 549 other stocks in this industry. MTCR outperforms 78% of them.
When comparing the yearly performance of all stocks, we notice that MTCR is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MTCR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTCR is lagging the market.
In the last month MTCR has a been trading in the 0.41 - 0.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although MTCR has an excellent technical rating, the quality of the presented setup is not ideal 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
0.35
0.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.39 from a horizontal line in the weekly time frame.
- Support @0.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.51 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 | NEUTRAL | NEUTRAL | The long term trend for MTCR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTCR is up. |
| ChartMill Relative Strength | 86.79 | POSITIVE | MTCR has a high relative strength, it outperformed 86.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for MTCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.96 | NEUTRAL | The Stochastics value for MTCR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for MTCR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for MTCR suggests a weak or negative 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)
0.4949
0 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.02%
1 Week-4.83%
2 Weeks2.25%
1 Month8.77%
3 Month18.74%
6 Month-1.02%
12 Month6.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%5.48%
ATR Inc-15.95%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.79
Mansfield0.33
10 Day High0.53
10 Day Low0.41
20 Day High0.53
20 Day Low0.41
52 Week High0.68
52 Week Low0.3
CS1 End0.43
CR1 Start0.51
Volume & EV
DER(3)-12.56%
DER(5)-10.08%
Volume1.02M
Volume Incr91.8%
Vol(5)738.82K
Vol(50)431.01K