ULTRAGENYX PHARMACEUTICAL IN (RARE) Stock Technical Analysis
NASDAQ:RARE - Nasdaq - US90400D1081 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RARE. RARE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RARE is a bad performer in the overall market: 94% of all stocks are doing better.
RARE is part of the Biotechnology industry. There are 549 other stocks in this industry, of which 73% are performing better than RARE.
RARE 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.
In the last month RARE has a been trading in the 26.52 - 30.10 range, which is quite wide. It is currently trading near the high of this range.
RARE has an average volume of 2128100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RARE does present a nice setup opportunity. 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 29.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RARE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
26.87
40.19
We found 2 important support areas.
- A support zone ranging from 27.86 to 28.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.14 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 29.69 to 29.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.69 from a trend line in the weekly time frame.
- Resistance @38.10 from a trend line in the weekly time frame.
- Resistance @39.79 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for RARE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RARE is neutral. |
| ChartMill Relative Strength | 6.46 | NEGATIVE | RARE has a low relative strength, it was outperformed by 93.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RARE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RARE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RARE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.56 | NEUTRAL | The RSI value for RARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests RARE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.26 | OVERBOUGHT | The high Stochastics value suggests RARE may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for RARE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for RARE 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)
29.36
+0.24 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.82%
1 Week1.35%
2 Weeks4.67%
1 Month4.82%
3 Month-17.67%
6 Month-31.06%
12 Month-48.26%
2 Year-20.2%
3 Year-38.44%
5 Year-65.48%
10 Year-73.7%
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%3.45%
ATR Inc-35.16%
Range Today0.5
ADR(20)1.01
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.46
Mansfield-3.56
10 Day High30.1
10 Day Low27
20 Day High30.1
20 Day Low26.52
52 Week High60.37
52 Week Low25.81
CS1 End28.67
CR1 Start29.69
Volume & EV
DER(3)0.18%
DER(5)3.53%
Volume1.15M
Volume Incr-39.78%
Vol(5)1.35M
Vol(50)2.13M