Sierra Oncology Inc (SRRA) Technical Analysis
NASDAQ:SRRA • US82640U4040
Current stock price
SRRA Technical Rating and Analysis
Overall SRRA gets a technical rating of 10 out of 10. 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!
- When comparing the yearly performance of all stocks, we notice that SRRA is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by SRRA over the past year are nicely spread over this period.
- SRRA is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 516 stocks in the same industry.
- SRRA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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.
SRRA Weekly and Daily overview Charts
SRRA Setup Rating and Analysis
SRRA has an excellent technical rating and 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
SRRA Support and Resistance Analysis
21.18
When analyzing the support we can see 2 important areas.
- 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.
SRRA 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 | 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. |
SRRA Chart- and CandleStick Pattern Analysis
SRRA Example Setup
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.
SRRA Technicals: Chart, Performance Metrics, Trend & Indicators
54.99
+0.02 (+0.04%)
Sierra Oncology Inc / SRRA TA FAQ
Can you provide the ChartMill technical rating for Sierra Oncology Inc?
ChartMill assigns a technical rating of 10 / 10 to SRRA.
What is the trend direction for SRRA stock?
The current trend direction for Sierra Oncology Inc (SRRA) is Bullish.
What is the RSI signal for SRRA stock?
Sierra Oncology Inc (SRRA) has an RSI value of 77.9227. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Sierra Oncology Inc?
The MACD indicator for Sierra Oncology Inc (SRRA) has a value of -0.143179, indicating a bearish trend.
What is the support and resistance level for SRRA stock?
Sierra Oncology Inc (SRRA) has a support level at 54.94 and a resistance level at 55. Check the full technical report for our detailed analysis of SRRA support and resistance levels.