ULTRAGENYX PHARMACEUTICAL IN (RARE) Stock Technical Analysis
NASDAQ:RARE - Nasdaq - US90400D1081 - Common Stock - Currency: USD
Taking everything into account, RARE scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RARE was also a bad performer in the overall market in the last year.
72% of all other stocks performed better in the past year than RARE.
RARE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RARE has a been trading in the 33.48 - 37.98 range, which is quite wide. It is currently trading near the high of this range.
RARE has an average volume of 1031060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RARE is an average performer in the Biotechnology industry, it outperforms 65% of 559 stocks in the same industry.
Although the technical rating is bad, RARE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.31. Right above this resistance zone may be a good entry point.
More info and screens
32.10
39.70
When analyzing the support we can see 5 important areas.
- A support zone ranging from 37.16 to 37.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.75 to 36.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @34.61 from a trend line in the daily time frame.
- A support zone ranging from 33.41 to 33.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 32.42 to 32.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.31 to 39.31. 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 | DOWN | NEGATIVE | The long term trend for RARE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RARE is up. |
| ChartMill Relative Strength | 28.64 | NEGATIVE | RARE has a low relative strength, it was outperformed by 71.36% 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 | MIXED | The current price of RARE is above 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) | 57.13 | NEUTRAL | The RSI value for RARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests RARE has a positive trend. |
| Stochastics (14,3) | 86.64 | OVERBOUGHT | The high Stochastics value suggests RARE may be overbought. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for RARE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.88 | 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)
37.51
+0.47 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.27%
1 Week3.05%
2 Weeks6.93%
1 Month3.93%
3 Month-4.65%
6 Month-18.06%
12 Month-3.94%
2 Year-18.69%
3 Year-37.13%
5 Year-52.05%
10 Year-63.37%
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%3.58%
ATR Inc-0.43%
Range Today0.78
ADR(20)1.33
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.64
Mansfield-2.04
10 Day High37.98
10 Day Low33.48
20 Day High37.98
20 Day Low33.48
52 Week High60.37
52 Week Low29.59
CS1 End37.17
CR1 Start39.31
Volume & EV
DER(3)-0.2%
DER(5)1.8%
Volume1.18M
Volume Incr3.51%
Vol(5)1.10M
Vol(50)1.03M