ULTRAGENYX PHARMACEUTICAL IN (RARE) Stock Technical Analysis
NASDAQ:RARE - Nasdaq - US90400D1081 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RARE. RARE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month RARE has a been trading in the 35.51 - 40.19 range, which is quite wide. It is currently trading near the high of this range.
RARE has an average volume of 1041610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, RARE outperforms 50% of them, which is more or less in line with the market.
RARE is an average performer in the Biotechnology industry, it outperforms 64% of 555 stocks in the same industry.
RARE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RARE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RARE has an average technical rating and it also does not offer a high quality setup 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
32.48
40.32
When analyzing the support we can see 6 important areas.
- A support zone ranging from 37.41 to 37.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.93 to 36.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @35.03 from a trend line in the weekly time frame.
- Support @34.02 from a horizontal line in the weekly time frame.
- Support @33.42 from a horizontal line in the daily time frame.
- Support @32.81 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.92 to 39.92. 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 | NEUTRAL | NEUTRAL | The long term trend for RARE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RARE is neutral. |
| ChartMill Relative Strength | 50.94 | NEUTRAL | RARE is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of RARE is above the rising 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) | 65.02 | NEUTRAL | The RSI value for RARE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests RARE has a positive trend. |
| Stochastics (14,3) | 66.29 | NEUTRAL | The Stochastics value for RARE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for RARE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.32 | 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)
39.91
+0.45 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.14%
1 Week7.52%
2 Weeks6.85%
1 Month9.01%
3 Month23.07%
6 Month-3.83%
12 Month-2.37%
2 Year-7.44%
3 Year-25.09%
5 Year-48.94%
10 Year-67%
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%3.98%
ATR Inc45.84%
Range Today0.96
ADR(20)1.57
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.94
Mansfield-1.76
10 Day High39.98
10 Day Low35.51
20 Day High40.19
20 Day Low35.51
52 Week High60.37
52 Week Low29.59
CS1 End35.6
CR1 Start36.55
Volume & EV
DER(3)0.79%
DER(5)0.24%
Volume685.20K
Volume Incr25.76%
Vol(5)1.36M
Vol(50)1.04M