We assign a technical rating of 9 out of 10 to RYTM. 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.
Besides having an excellent technical rating, RYTM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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
55.35
We found 5 important support areas.
- A support zone ranging from 104.26 to 104.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 101.16 to 102.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.14 to 99.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 95.52 to 95.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @55.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @107.95 from a trend line in the daily time frame.
- A resistance zone ranging from 113.76 to 113.89. 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 | 91.71 | POSITIVE | RYTM has a high relative strength, it outperformed 91.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYTM is above 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) | 50.78 | NEUTRAL | The RSI value for RYTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests RYTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.15 | NEUTRAL | The Stochastics value for RYTM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for RYTM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for RYTM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 107.96 | 104.25 | 3.71 (3.44%) | 25.00% |
| An entry @107.96. This is a Buy Stop order right above the resistance zone. | An exit @104.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.71 points, which is 3.44%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RYTM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
104.6
-1.1 (-1.04%)
RHYTHM PHARMACEUTICALS INC / RYTM FAQ
What is the technical rating for RYTM stock?
ChartMill assigns a technical rating of 9 / 10 to RYTM.
What is the trend direction for RYTM stock?
The current trend direction for RHYTHM PHARMACEUTICALS INC (RYTM) is Bullish.
What is the RSI signal for RHYTHM PHARMACEUTICALS INC (RYTM) stock?
RHYTHM PHARMACEUTICALS INC (RYTM) has an RSI value of 50.7791. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RHYTHM PHARMACEUTICALS INC?
The MACD indicator for RHYTHM PHARMACEUTICALS INC (RYTM) has a value of 0.229706, indicating a bearish trend.
What is the short term momentum for RHYTHM PHARMACEUTICALS INC (RYTM) stock?
The short term momentum for RHYTHM PHARMACEUTICALS INC (RYTM) is neutral.