CARTESIAN THERAPEUTICS INC (RNAC) Stock Technical Analysis
USA - NASDAQ:RNAC - US8162123025 - Common Stock
Overall RNAC gets a technical rating of 0 out of 10. RNAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of RNAC is bad and it also does not present a 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.
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7.79
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.69 to 8.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.20 to 9.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.64 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for RNAC is down. |
| ChartMill Relative Strength | 5.05 | NEGATIVE | RNAC has a low relative strength, it was outperformed by 94.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RNAC is below 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) | 36.1 | NEUTRAL | The RSI value for RNAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RNAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.83 | NEUTRAL | The Stochastics value for RNAC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.14 | HIGH VOLATILITY | The high ATR as a percentage value for RNAC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.83 | POSITIVE | The high ADX value value for RNAC suggests a strong trend. |
7.87
+0.32 (+4.24%)
CARTESIAN THERAPEUTICS INC / RNAC FAQ
What is the ChartMill technical rating of CARTESIAN THERAPEUTICS INC (RNAC) stock?
ChartMill assigns a technical rating of 0 / 10 to RNAC.
What is the trend direction for RNAC stock?
The current trend direction for CARTESIAN THERAPEUTICS INC (RNAC) is Bearish.
What is the RSI signal for CARTESIAN THERAPEUTICS INC (RNAC) stock?
CARTESIAN THERAPEUTICS INC (RNAC) has an RSI value of 36.0966. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CARTESIAN THERAPEUTICS INC?
The buy/sell signal for CARTESIAN THERAPEUTICS INC (RNAC) is sell as both the short term and long term trends are negative.
What is the support and resistance level for RNAC stock?
CARTESIAN THERAPEUTICS INC (RNAC) has a resistance level at 8.69. Check the full technical report for our detailed analysis of RNAC support and resistance levels.