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REATA PHARMACEUTICALS INC-A (RETA) Stock Technical Analysis

NASDAQ:RETA - Nasdaq - US75615P1030 - Common Stock - Currency: USD

172.36  +0.04 (+0.02%)

After market: 172.4 +0.04 (+0.02%)

Technical Rating and Analysis

10

Taking everything into account, RETA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RETA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RETA did better than 99% of all other stocks. We also observe that the gains produced by RETA over the past year are nicely spread over this period.
RETA is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 99% of 198 stocks in the same industry.
RETA is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
RETA has an average volume of 1067360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RETA has a been trading in a tight range between 168.67 and 172.46.
Weekly and Daily overview Charts
REATA PHARMACEUTICALS INC-A / RETA Weekly stock chart
REATA PHARMACEUTICALS INC-A / RETA Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, RETA 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 172.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 172.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

123.47

174.09

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 168.69 to 172.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @135.46 from a trend line in the daily time frame.
  • Support @124.72 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 172.37 to 172.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.84
Mansfield9.6
10 Day High172.46
10 Day Low170.32
20 Day High172.46
20 Day Low168.67
52 Week High172.46
52 Week Low21.83
Performance
1 Week0.18%
2 Weeks0.83%
1 Month1.99%
3 Month69.05%
6 Month89.57%
12 Month585.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-1.04
RSI(14)84.69
LBB169.82
UBB173.37
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.

ENTRYEXITDISTANCECAPITAL
172.38170.312.07 (1.20%)25.00%
An entry @172.38. This is a Buy Stop order right above the resistance zone.An exit @170.31. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.07 points, which is 1.20%.For a 0.30% 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.
REATA PHARMACEUTICALS INC-A / RETA Daily stock chart

REATA PHARMACEUTICALS INC-A

NASDAQ:RETA (9/25/2023, 8:12:09 PM)

After market: 172.4 +0.04 (+0.02%)

172.36

+0.04 (+0.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.02%
1 Week0.18%
2 Weeks0.83%
1 Month1.99%
3 Month69.05%
6 Month89.57%
12 Month585.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%0.29%
ATR Inc-72.36%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.84
Mansfield9.6
10 Day High172.46
10 Day Low170.32
20 Day High172.46
20 Day Low168.67
52 Week High172.46
52 Week Low21.83
CS1 End172.13
CR1 Start172.37
Volume & EV
DER(3)-8.8%
DER(5)-6.08%
Volume1.99M
Volume Incr64.24%
Vol(5)1.12M
Vol(50)1.07M