6.72 USD
-0.16 (-2.33%)
7 USD
+0.28 (+4.17%)
We assign a technical rating of 0 out of 10 to RNAC. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RNAC is a bad performer in the overall market: 95% of all stocks are doing better.
RNAC is part of the Biotechnology industry. There are 531 other stocks in this industry, of which 81% are performing better than RNAC.
RNAC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
In the last month RNAC has a been trading in the 6.53 - 7.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RNAC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
6.65
7.90
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.04 to 7.10. 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 7.47 to 7.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.82 from a trend 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 | DOWN | NEGATIVE | The short term trend for RNAC is down. |
| ChartMill Relative Strength | 5.17 | NEGATIVE | RNAC has a low relative strength, it was outperformed by 94.83% 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) | 35.85 | NEUTRAL | The RSI value for RNAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RNAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.37 | NEUTRAL | The Stochastics value for RNAC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for RNAC suggests high volalility. |
| Average Directional Index/ADX (14) | 40.52 | 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)
6.72
-0.16 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.33%
1 Week-7.95%
2 Weeks-7.18%
1 Month-14.61%
3 Month-30.58%
6 Month-35.51%
12 Month-64.04%
2 Year-67.51%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%7.05%
ATR Inc6.27%
Range Today0.69
ADR(20)0.47
ADR(20)%7.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.17
3 months CRS8.11
6 months CRS7.57
Mansfield-5.17
10 Day High7.73
10 Day Low6.53
20 Day High7.98
20 Day Low6.53
52 Week High20.3
52 Week Low5.98
CS1 EndN/A
CR1 Start7.04
Volume & EV
DER(3)1.36%
DER(5)1.25%
Volume139.40K
Volume Incr99.2%
Vol(5)234.48K
Vol(50)137.17K
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 35.8526. 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 7.04. Check the full technical report for our detailed analysis of RNAC support and resistance levels.