CASSAVA SCIENCES INC (SAVA) Stock Technical Analysis
NASDAQ:SAVA - US14817C1071 - Common Stock
2.28 USD
-0.1 (-4.2%)
2.31 USD
+0.03 (+1.32%)
We assign a technical rating of 5 out of 10 to SAVA. Recently some decent action could be observed, but in the medium term time frame this is still negative. SAVA was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than SAVA.
SAVA is one of the lesser performing stocks in the Pharmaceuticals industry. 80% of 194 stocks in the same industry do better.
SAVA 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SAVA has a been trading in the 2.10 - 2.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SAVA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.23, a Stop Loss order could be placed below this zone.
More info and screens
2.02
2.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.18 to 2.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.11 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.04 to 2.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.36 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.64 from a trend line in the daily time frame.
- Resistance @2.78 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 SAVA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAVA is up. |
| ChartMill Relative Strength | 4.55 | NEGATIVE | SAVA has a low relative strength, it was outperformed by 95.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.79 | NEUTRAL | The RSI value for SAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SAVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.18 | NEUTRAL | The Stochastics value for SAVA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for SAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for SAVA 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)
2.28
-0.1 (-4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.2%
1 Week3.64%
2 Weeks-2.56%
1 Month7.55%
3 Month13.43%
6 Month-5%
12 Month-92.06%
2 Year-89.13%
3 Year-91.14%
5 Year-27.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.12%
ATR Inc4.98%
Range Today0.11
ADR(20)0.14
ADR(20)%6.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.55
Mansfield-7.46
10 Day High2.4
10 Day Low2.11
20 Day High2.53
20 Day Low2.11
52 Week High33.98
52 Week Low1.15
CS1 End2.23
CR1 Start2.36
Volume & EV
DER(3)-4.11%
DER(5)-3.53%
Volume386.50K
Volume Incr-23.9%
Vol(5)562.94K
Vol(50)904.94K