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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

Overall RETA gets a technical rating of 10 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that RETA is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, RETA also shows a nice and consistent pattern of rising prices.
RETA is part of the Pharmaceuticals industry. There are 198 other stocks in this industry. RETA outperforms 99% of them.
A new 52 week high is currently being made by RETA, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so RETA is leading the market.
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. Another positive sign is the recent Pocket Pivot signal.

  • 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

We found 3 important support 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.

When analyzing the resistance we notice one important 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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for RETA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for RETA is up.
ChartMill Relative Strength99.84POSITIVERETA has a high relative strength, it outperformed 99.84% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of RETA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of RETA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of RETA is above the rising SMA(200).
Relative Strength Index/RSI (14)84.69OVERBOUGHTThe high RSI value suggests RETA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)-1.04NEGATIVEThe MACD value suggests RETA has a negative trend, although the MACD value is rising.
Stochastics (14,3)96.84OVERBOUGHTThe high Stochastics value suggests RETA may be overbought.
Average True Range in percent/ATR (20)0.29LOW VOLATILITYThe low ATR as a percentage value for RETA suggests low volalility.
Average Directional Index/ADX (14)71.42POSITIVEThe high ADX value value for RETA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
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