Sierra Oncology Inc (SRRA) Technical Analysis
NASDAQ:SRRA • US82640U4040
Current stock price
SRRA Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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. On top of that, SRRA also shows a nice and consistent pattern of rising prices.
- SRRA is part of the Biotechnology industry. There are 518 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.
SRRA Weekly and Daily overview Charts
SRRA Setup Rating and Analysis
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
SRRA Support and Resistance Analysis
21.18
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.
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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 Sierra Oncology Inc (SRRA) stock?
Sierra Oncology Inc (SRRA) has an RSI value of 77.9227. This indicates that the stock is currently overbought.
What is the MACD signal for Sierra Oncology Inc (SRRA) stock?
The MACD indicator for Sierra Oncology Inc (SRRA) has a value of -0.143179, indicating a bearish trend.
What is the short term momentum for SRRA stock?
The short term momentum for Sierra Oncology Inc (SRRA) is positive.