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Sierra Oncology Inc (SRRA) Stock Technical Analysis

USA - Nasdaq - NASDAQ:SRRA - US82640U4040 - Common Stock

54.99
+0.02 (+0.04%)
Last: 6/30/2022, 8:00:01 PM
54.99
0 (0%)
After Hours: 6/30/2022, 8:00:01 PM
Technical Rating and Analysis

10

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.

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. We also observe that the gains produced by SRRA over the past year are nicely spread over this period.
SRRA is part of the Biotechnology industry. There are 534 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 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.
Weekly and Daily overview Charts
Sierra Oncology Inc / SRRA Weekly stock chart
Sierra Oncology Inc / SRRA Daily stock chart
Setup Rating and Analysis

7

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.

Support and Resistance Analysis

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.

We found 1 important resistance 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SRRA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SRRA is up.
ChartMill Relative Strength99.87POSITIVESRRA has a high relative strength, it outperformed 99.87% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SRRA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SRRA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SRRA is above the rising SMA(200).
Relative Strength Index/RSI (14)77.92OVERBOUGHTThe high RSI value suggests SRRA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.14NEGATIVEThe MACD value suggests SRRA has a negative trend, although the MACD value is rising.
Stochastics (14,3)59.88NEUTRALThe Stochastics value for SRRA is a neutral value.
Average True Range in percent/ATR (20)0.29LOW VOLATILITYThe low ATR as a percentage value for SRRA suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)
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.

ENTRYEXITDISTANCECAPITAL
55.0154.640.37 (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.
Sierra Oncology Inc / SRRA Daily stock chart

Sierra Oncology Inc

NASDAQ:SRRA (6/30/2022, 8:00:01 PM)

After market: 54.99 0 (0%)

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
3 months CRSN/A
6 months CRSN/A
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

Sierra Oncology Inc / SRRA 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 current trend direction of Sierra Oncology Inc (SRRA) stock?

The current trend direction for Sierra Oncology Inc (SRRA) is Bullish.


Can you provide the RSI signal for Sierra Oncology Inc?

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.


Can you provide the short term momentum for Sierra Oncology Inc?

The short term momentum for Sierra Oncology Inc (SRRA) is positive.