CARTESIAN THERAPEUTICS INC (RNAC) Stock Technical Analysis
NASDAQ:RNAC - Nasdaq - US8162123025 - Common Stock - Currency: USD
Taking everything into account, RNAC scores 4 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. RNAC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, RNAC is a bad performer in the overall market: 80% of all stocks are doing better.
RNAC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RNAC is lagging the market.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
RNAC is part of the Biotechnology industry. There are 553 other stocks in this industry, RNAC did better than 56% of them.
In the last month RNAC has a been trading in the 10.71 - 15.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNAC 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
11.34
25.36
When analyzing the support we notice one important area.
- Support @11.45 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.34 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.77 to 13.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @25.11 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RNAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNAC is neutral. |
| ChartMill Relative Strength | 20.81 | NEGATIVE | RNAC has a low relative strength, it was outperformed by 79.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RNAC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.78 | NEUTRAL | The RSI value for RNAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests RNAC has a negative trend. |
| Stochastics (14,3) | 31.28 | NEUTRAL | The Stochastics value for RNAC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.65 | HIGH VOLATILITY | The high ATR as a percentage value for RNAC suggests high volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for RNAC 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)
12.33
-0.48 (-3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.75%
1 Week-7.5%
2 Weeks4.14%
1 Month9.99%
3 Month-2.91%
6 Month-36.15%
12 Month-14.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%8.65%
ATR Inc-6.37%
Range Today1.04
ADR(20)1.03
ADR(20)%8.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.81
Mansfield-2.64
10 Day High14.56
10 Day Low11.8
20 Day High15.57
20 Day Low10.71
52 Week High26.5
52 Week Low8.46
CS1 End11.45
CR1 Start13.34
Volume & EV
DER(3)-4.97%
DER(5)1.06%
Volume77.80K
Volume Incr-18.07%
Vol(5)68.54K
Vol(50)72.38K