SHPH Technical Analysis - SHUTTLE PHARMACEUTICALS HOLD

Technical Rating and Analysis

Taking everything into account, SHPH scores 2 out of 10 in our technical rating. SHPH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than SHPH.

SHPH is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 82% are performing better than SHPH.

SHPH 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.

In the last month SHPH has a been trading in the 3.30 - 5.59 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SHUTTLE PHARMACEUTICALS HOLD / SHPH Weekly stock chart

SHUTTLE PHARMACEUTICALS HOLD / SHPH Daily stock chart

Setup Rating and Analysis

SHPH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.32, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.26

4.75

When analyzing the support we notice one important area.

A support zone ranging from 3.29 to 3.32. This zone is formed by a combination of multiple trend lines in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 4.03 to 4.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @4.47 from a trend line in the daily time frame.
Resistance @4.70 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for SHPH is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SHPH is down.
ChartMill Relative Strength	3.75	NEGATIVE	SHPH has a low relative strength, it was outperformed by 96.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SHPH is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SHPH is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SHPH is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.94	NEUTRAL	The RSI value for SHPH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests SHPH has a negative trend.
Stochastics (14,3)	18.34	OVERSOLD	The low Stochastics value suggests SHPH may be oversold.
Average True Range in percent/ATR (20)	13.97	HIGH VOLATILITY	The high ATR as a percentage value for SHPH suggests high volalility.
Average Directional Index/ADX (14)	24.3	NEUTRAL	The ADX value for SHPH suggests a possible start of a new trend.