SCHOLAR ROCK HOLDING CORP (SRRK) Technical Analysis
NASDAQ:SRRK • US80706P1030
Current stock price
SRRK Technical Rating and Analysis
Taking everything into account, SRRK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SRRK 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.
- Looking at the yearly performance, SRRK did better than 89% of all other stocks. On top of that, SRRK also shows a nice and consistent pattern of rising prices.
- SRRK is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SRRK is leading the market.
- In the last month SRRK has a been trading in the 38.75 - 51.63 range, which is quite wide. It is currently trading near the high of this range.
- SRRK has an average volume of 1383520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SRRK is an average performer in the Biotechnology industry, it outperforms 68% of 517 stocks in the same industry.
SRRK Weekly and Daily overview Charts
SRRK Setup Rating and Analysis
Although SRRK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SRRK Support and Resistance Analysis
37.07
We found 5 important support areas.
- Support @48.80 from a horizontal line in the daily time frame.
- A support zone ranging from 44.72 to 45.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.31 from a trend line in the weekly time frame.
- Support @41.63 from a trend line in the daily time frame.
- Support @37.44 from a trend line in the weekly time frame.
SRRK 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 SRRK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRRK is up. |
| ChartMill Relative Strength | 89.27 | POSITIVE | SRRK has a high relative strength, it outperformed 89.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRRK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRRK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.41 | NEUTRAL | The RSI value for SRRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests SRRK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.27 | OVERBOUGHT | The high Stochastics value suggests SRRK may be overbought. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for SRRK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.51 | NEGATIVE | The low ADX value for SRRK suggests a weak or negative trend. |
SRRK Chart- and CandleStick Pattern Analysis
SRRK Technicals: Chart, Performance Metrics, Trend & Indicators
49.99
+0.09 (+0.18%)
SCHOLAR ROCK HOLDING CORP / SRRK TA FAQ
What is the technical rating for SRRK stock?
ChartMill assigns a technical rating of 10 / 10 to SRRK.
What is the trend direction for SRRK stock?
The current trend direction for SCHOLAR ROCK HOLDING CORP (SRRK) is Bullish.
Can you provide the RSI signal for SCHOLAR ROCK HOLDING CORP?
SCHOLAR ROCK HOLDING CORP (SRRK) has an RSI value of 61.406. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SCHOLAR ROCK HOLDING CORP?
The short term momentum for SCHOLAR ROCK HOLDING CORP (SRRK) is positive.
What are the support and resistance levels for SCHOLAR ROCK HOLDING CORP (SRRK) stock?
SCHOLAR ROCK HOLDING CORP (SRRK) has a support level at 48.8. Check the full technical report for our detailed analysis of SRRK support and resistance levels.