RHYTHM PHARMACEUTICALS INC (RYTM) Stock Technical Analysis
NASDAQ:RYTM - Nasdaq - US76243J1051 - Common Stock - Currency: USD
Taking everything into account, RYTM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RYTM is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, RYTM did better than 91% of all other stocks. We also observe that the gains produced by RYTM over the past year are nicely spread over this period.
RYTM is part of the Biotechnology industry. There are 557 other stocks in this industry. RYTM outperforms 88% of them.
RYTM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RYTM is lagging the market slightly.
In the last month RYTM has a been trading in the 58.71 - 69.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RYTM has an excellent technical rating, the quality of the presented setup is not ideal 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
46.73
68.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.78 to 57.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.56 from a trend line in the weekly time frame.
- Support @47.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 62.90 to 63.46. 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 67.33 to 68.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for RYTM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYTM is neutral. |
| ChartMill Relative Strength | 91.18 | POSITIVE | RYTM has a high relative strength, it outperformed 91.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RYTM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RYTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.44 | NEUTRAL | The RSI value for RYTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests RYTM has a negative trend. |
| Stochastics (14,3) | 36.29 | NEUTRAL | The Stochastics value for RYTM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for RYTM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | NEGATIVE | The low ADX value for RYTM 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)
62.39
-0.51 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.81%
1 Week-6.49%
2 Weeks-1.99%
1 Month4.1%
3 Month19.89%
6 Month11.17%
12 Month49.01%
2 Year278.35%
3 Year1403.37%
5 Year179.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%4.09%
ATR Inc-10.45%
Range Today2.13
ADR(20)2.51
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.18
Mansfield0.91
10 Day High69.89
10 Day Low61.19
20 Day High69.89
20 Day Low58.71
52 Week High69.89
52 Week Low39.46
CS1 End57.37
CR1 Start62.9
Volume & EV
DER(3)-1.03%
DER(5)0.4%
Volume315.50K
Volume Incr-7.99%
Vol(5)530.78K
Vol(50)759.04K