Sierra Oncology Inc (SRRA) Stock Technical Analysis
NASDAQ:SRRA - Nasdaq - US82640U4040 - Common Stock
We assign a technical rating of 10 out of 10 to SRRA. Both in the recent history as in the last year, SRRA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SRRA did better than 99% of all other stocks. On top of that, SRRA also shows a nice and consistent pattern of rising prices.
SRRA is part of the Biotechnology industry. There are 558 other stocks in this industry. SRRA outperforms 99% of them.
SRRA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SRRA is leading the market.
In the last month SRRA has a been trading in a tight range between 54.65 and 55.19.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SRRA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 54.94, a Stop Loss order could be placed below this zone.
More info and screens
21.18
55.55
2 important support areas can be observed.
- A support zone ranging from 53.87 to 54.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.00 to 55.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SRRA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRRA is up. |
| ChartMill Relative Strength | 99.87 | POSITIVE | SRRA has a high relative strength, it outperformed 99.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.92 | OVERBOUGHT | The high RSI value suggests SRRA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SRRA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.88 | NEUTRAL | The Stochastics value for SRRA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for SRRA suggests low volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.01 | 54.64 | 0.37 (0.67%) | 25.00% |
| An entry @55.01. This is a Buy Stop order right above the resistance zone. | An exit @54.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.37 points, which is 0.67%. | For a 0.17% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.99
+0.02 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.04%
1 Week0.07%
2 Weeks0.16%
1 Month0.38%
3 Month62.89%
6 Month152.94%
12 Month178.43%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.29%
ATR Inc16.11%
Range Today0.19
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.87
Mansfield10.03
10 Day High55.19
10 Day Low54.65
20 Day High55.19
20 Day Low54.65
52 Week High55.19
52 Week Low14.91
CS1 End54.94
CR1 Start55
Volume & EV
DER(3)2.22%
DER(5)0.62%
Volume862.80K
Volume Incr238.66%
Vol(5)888.94K
Vol(50)410.07K