CARTESIAN THERAPEUTICS INC (RNAC) Stock Technical Analysis
NASDAQ:RNAC - Nasdaq - US8162123025 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RNAC. RNAC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RNAC is a bad performer in the overall market: 96% of all stocks are doing better.
RNAC is one of the lesser performing stocks in the Biotechnology industry. 76% of 558 stocks in the same industry do better.
RNAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month RNAC has a been trading in the 9.01 - 11.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNAC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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.
More info and screens
9.65
25.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.25 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.05 from a trend line in the daily time frame.
- Support @9.75 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @11.04 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 11.37 to 11.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.38 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RNAC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNAC is neutral. |
| ChartMill Relative Strength | 4.84 | NEGATIVE | RNAC has a low relative strength, it was outperformed by 95.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RNAC is above a declining 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) | 52.67 | NEUTRAL | The RSI value for RNAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests RNAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71 | NEUTRAL | The Stochastics value for RNAC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for RNAC suggests high volalility. |
| Average Directional Index/ADX (14) | 13.9 | NEGATIVE | The low ADX value for RNAC 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)
10.68
-0.78 (-6.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.81%
1 Week9.43%
2 Weeks4.3%
1 Month6.8%
3 Month-26.55%
6 Month-46.03%
12 Month-60.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%7.28%
ATR Inc103.96%
Range Today1.69
ADR(20)0.77
ADR(20)%7.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.84
Mansfield-3.78
10 Day High11.78
10 Day Low9.37
20 Day High11.78
20 Day Low9.01
52 Week High28.83
52 Week Low8.46
CS1 End10.5
CR1 Start11.04
Volume & EV
DER(3)0.05%
DER(5)2.29%
Volume300.60K
Volume Incr65.73%
Vol(5)108.22K
Vol(50)74.36K