ULTRAGENYX PHARMACEUTICAL IN (RARE) Stock Technical Analysis
NASDAQ:RARE - Nasdaq - US90400D1081 - Common Stock - Currency: USD
Overall RARE gets a technical rating of 0 out of 10. 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 negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than RARE.
RARE is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 70% 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.
RARE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RARE has an average volume of 1825590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RARE has a poor technical rating and the quality of the setup is also only medium 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
27.03
40.85
When analyzing the resistance we notice 3 important areas.
- Resistance @28.01 from a horizontal line in the daily time frame.
- Resistance @38.53 from a trend line in the weekly time frame.
- Resistance @40.45 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 | DOWN | NEGATIVE | The short term trend for RARE is down. |
| ChartMill Relative Strength | 5.5 | NEGATIVE | RARE has a low relative strength, it was outperformed by 94.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RARE is below a declining 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) | 32.69 | NEUTRAL | The RSI value for RARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests RARE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.7 | OVERSOLD | The low Stochastics value suggests RARE may be oversold. |
| Average True Range in percent/ATR (20) | 7.91 | HIGH VOLATILITY | The high ATR as a percentage value for RARE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.9 | POSITIVE | The high ADX value value for RARE 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)
27.3
-0.71 (-2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.53%
1 Week-0.4%
2 Weeks-12.03%
1 Month-27.06%
3 Month-28.33%
6 Month-38.02%
12 Month-39.14%
2 Year-36.69%
3 Year-48.76%
5 Year-65.07%
10 Year-77.42%
15 YearN/A
Volatility
ATR(14)2.29
ATR(20)%7.91%
ATR Inc-29.6%
Range Today1.1
ADR(20)1.72
ADR(20)%6.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.5
Mansfield-4.29
10 Day High30.88
10 Day Low25.81
20 Day High42.37
20 Day Low25.81
52 Week High60.37
52 Week Low25.81
CS1 EndN/A
CR1 Start28.01
Volume & EV
DER(3)0.99%
DER(5)2.9%
Volume2.32M
Volume Incr28.98%
Vol(5)3.21M
Vol(50)1.83M