Myokardia Inc (MYOK) Technical Analysis
NASDAQ:MYOK
Current stock price
MYOK Technical Rating and Analysis
Overall MYOK gets a technical rating of 10 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, MYOK is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MYOK is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by MYOK over the past year are nicely spread over this period.
- MYOK 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.
- MYOK has an average volume of 1506280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MYOK has a been trading in a tight range between 221.90 and 225.00.
MYOK Weekly and Daily overview Charts
MYOK Setup Rating and Analysis
MYOK 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 224.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 224.90, 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.
More info and screens
MYOK Support and Resistance Analysis
126.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 223.67 to 224.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.14 from a trend line in the daily time frame.
- Support @127.84 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 224.92 to 224.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
MYOK 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 MYOK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYOK is up. |
| ChartMill Relative Strength | 98.38 | POSITIVE | MYOK has a high relative strength, it outperformed 98.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYOK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYOK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MYOK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 88.24 | OVERBOUGHT | The high RSI value suggests MYOK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.96 | NEGATIVE | The MACD value suggests MYOK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.51 | OVERBOUGHT | The high Stochastics value suggests MYOK may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for MYOK suggests low volalility. |
MYOK Chart- and CandleStick Pattern Analysis
MYOK 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 |
|---|---|---|---|
| 224.93 | 223.14 | 1.79 (0.80%) | 25.00% |
| An entry @224.93. This is a Buy Stop order right above the resistance zone. | An exit @223.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.79 points, which is 0.80%. | For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
MYOK Technicals: Chart, Performance Metrics, Trend & Indicators
224.91
+0.11 (+0.05%)
Myokardia Inc / MYOK TA FAQ
What is the ChartMill technical rating of Myokardia Inc (MYOK) stock?
ChartMill assigns a technical rating of 10 / 10 to MYOK.
What is the current trend direction of Myokardia Inc (MYOK) stock?
The current trend direction for Myokardia Inc (MYOK) is Bullish.
What is the RSI signal for MYOK stock?
Myokardia Inc (MYOK) has an RSI value of 88.2416. This indicates that the stock is currently overbought.
What is the MACD signal for MYOK stock?
The MACD indicator for Myokardia Inc (MYOK) has a value of -2.96089, indicating a bearish trend.
Can you provide the short term momentum for Myokardia Inc?
The short term momentum for Myokardia Inc (MYOK) is positive.