RYTM Technical Analysis - RHYTHM PHARMACEUTICALS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to RYTM. Both in the recent history as in the last year, RYTM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that RYTM is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, RYTM also shows a nice and consistent pattern of rising prices.

RYTM is part of the Biotechnology industry. There are 551 other stocks in this industry. RYTM outperforms 92% of them.

RYTM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month RYTM has a been trading in the 83.98 - 92.48 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RHYTHM PHARMACEUTICALS INC / RYTM Weekly stock chart

RHYTHM PHARMACEUTICALS INC / RYTM Daily stock chart

Setup Rating and Analysis

Although RYTM has an excellent technical rating, it does not offer a high 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.25

93.93

When analyzing the support we can see 6 important areas.

Support @90.72 from a trend line in the daily time frame.
A support zone ranging from 86.45 to 88.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @84.66 from a horizontal line in the daily time frame.
Support @68.95 from a trend line in the daily time frame.
Support @52.86 from a trend line in the weekly time frame.
Support @47.73 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for RYTM is up.
ChartMill Relative Strength	95.68	POSITIVE	RYTM has a high relative strength, it outperformed 95.68% 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)	71.14	OVERBOUGHT	The high RSI value suggests RYTM may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.4	NEGATIVE	The MACD value suggests RYTM has a negative trend, although the MACD value is rising.
Stochastics (14,3)	79.37	NEUTRAL	The Stochastics value for RYTM is a neutral value.
Average True Range in percent/ATR (20)	3.04	MEDIUM VOLATILITY	The ATR as a percentage value for RYTM suggests some volalility.
Average Directional Index/ADX (14)	43.07	POSITIVE	The high ADX value value for RYTM suggests a strong trend.