SCHOLAR ROCK HOLDING CORP (SRRK) Stock Technical Analysis
USA - NASDAQ:SRRK - US80706P1030 - Common Stock
39.5 USD
-0.3 (-0.75%)
39.7 USD
+0.2 (+0.51%)
Taking everything into account, SRRK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SRRK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SRRK did better than 84% of all other stocks. We also observe that the gains produced by SRRK over the past year are nicely spread over this period.
SRRK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SRRK is lagging the market slightly.
In the last month SRRK has a been trading in the 29.78 - 41.01 range, which is quite wide. It is currently trading near the high of this range.
SRRK has an average volume of 2163590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SRRK is part of the Biotechnology industry. There are 536 other stocks in this industry, SRRK did better than 68% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SRRK has an excellent technical rating, it does not offer a high quality setup 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
26.23
41.45
When analyzing the support we can see 5 important areas.
- A support zone ranging from 34.58 to 34.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @32.25 from a trend line in the weekly time frame.
- A support zone ranging from 31.18 to 31.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.31 from a horizontal line in the daily time frame.
- Support @26.49 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @41.04 from a trend line in the daily time frame.
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 | 84.88 | POSITIVE | SRRK has a high relative strength, it outperformed 84.88% 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) | DOWN | MIXED | The current price of SRRK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for SRRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests SRRK has a positive trend. |
| Stochastics (14,3) | 87.56 | OVERBOUGHT | The high Stochastics value suggests SRRK may be overbought. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for SRRK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.68 | NEUTRAL | The ADX value for SRRK suggests a possible start of a new trend. |
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)
39.5
-0.3 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.75%
1 Week6.07%
2 Weeks17.04%
1 Month25.08%
3 Month5.5%
6 Month41.07%
12 Month49%
2 Year235.88%
3 Year304.71%
5 Year1.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.6
ATR(20)%5.93%
ATR Inc-2.47%
Range Today2.35
ADR(20)2.32
ADR(20)%5.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.88
Mansfield0.07
10 Day High41.01
10 Day Low33
20 Day High41.01
20 Day Low29.78
52 Week High46.98
52 Week Low22.71
CS1 End34.67
CR1 Start41.04
Volume & EV
DER(3)3.75%
DER(5)3.61%
Volume1.52M
Volume Incr-25.33%
Vol(5)1.97M
Vol(50)2.16M