CASSAVA SCIENCES INC (SAVA) Stock Technical Analysis
NASDAQ:SAVA - Nasdaq - US14817C1071 - Common Stock - Currency: USD
Taking everything into account, SAVA scores 3 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, SAVA is a bad performer in the overall market: 98% of all stocks are doing better.
SAVA is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 82% are performing better than SAVA.
SAVA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SAVA is lagging the market.
In the last month SAVA has a been trading in the 1.96 - 2.31 range, which is quite wide. It is currently trading near the lows of this range.
SAVA has an average volume of 1069690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although the technical rating is bad, SAVA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.00, a Stop Loss order could be placed below this zone.
More info and screens
1.94
2.66
We found 2 important support areas.
- A support zone ranging from 2.00 to 2.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.96 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.11 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.20 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.25 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.63 from a trend 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 | 2.56 | NEGATIVE | SAVA has a low relative strength, it was outperformed by 97.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAVA is below a declining 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) | 51.64 | NEUTRAL | The RSI value for SAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SAVA has a negative trend. |
| Stochastics (14,3) | 41.07 | NEUTRAL | The Stochastics value for SAVA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for SAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.29 | POSITIVE | The high ADX value value for SAVA 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)
2.05
-0.07 (-3.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.3%
1 Week-6.39%
2 Weeks1.99%
1 Month0%
3 Month-26.52%
6 Month-25.45%
12 Month-89.6%
2 Year-91.64%
3 Year-92.71%
5 Year-33.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.53%
ATR Inc-5.63%
Range Today0.08
ADR(20)0.13
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.56
Mansfield-8.35
10 Day High2.27
10 Day Low2.02
20 Day High2.32
20 Day Low1.96
52 Week High42.2
52 Week Low1.15
CS1 End2
CR1 Start2.11
Volume & EV
DER(3)-4.76%
DER(5)-3.43%
Volume565.90K
Volume Incr-34%
Vol(5)857.10K
Vol(50)1.07M