CASSAVA SCIENCES INC (SAVA) Technical Analysis
NASDAQ:SAVA • US14817C1071
We assign a technical rating of 2 out of 10 to SAVA. In the past year, SAVA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 83% of all other stocks performed better in the past year than SAVA.
- In the last month SAVA has a been trading in the 1.96 - 2.49 range, which is quite wide. It is currently trading near the high of this range.
- SAVA is an average performer in the Pharmaceuticals industry, it outperforms 41% of 193 stocks in the same industry.
- SAVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SAVA is lagging the market slightly.
The technical rating of SAVA is bad and it also does not present a 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.
More info and screens
1.89
2 important support areas can be observed.
- Support @2.04 from a trend line in the weekly time frame.
- Support @1.91 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.46 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 | NEUTRAL | NEUTRAL | The short term trend for SAVA is neutral. |
| ChartMill Relative Strength | 17.77 | NEGATIVE | SAVA has a low relative strength, it was outperformed by 82.23% 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) | UP | MIXED | The current price of SAVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.06 | 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. |
| Stochastics (14,3) | 40.88 | NEUTRAL | The Stochastics value for SAVA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for SAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for SAVA suggests a weak or negative trend. |
SAVA Technicals: Chart, Performance Metrics, Trend & Indicators
2.38
+0.26 (+12.26%)
CASSAVA SCIENCES INC / SAVA FAQ
What is the ChartMill technical rating of CASSAVA SCIENCES INC (SAVA) stock?
ChartMill assigns a technical rating of 2 / 10 to SAVA.
What is the current trend direction of CASSAVA SCIENCES INC (SAVA) stock?
The current trend direction for CASSAVA SCIENCES INC (SAVA) is Bearish.
What is the RSI signal for SAVA stock?
CASSAVA SCIENCES INC (SAVA) has an RSI value of 58.06. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CASSAVA SCIENCES INC?
The MACD indicator for CASSAVA SCIENCES INC (SAVA) has a value of 0.00416581, indicating a bearish trend.
What is the support and resistance level for SAVA stock?
CASSAVA SCIENCES INC (SAVA) has a support level at 2.04 and a resistance level at 2.46. Check the full technical report for our detailed analysis of SAVA support and resistance levels.