SCHOLAR ROCK HOLDING CORP (SRRK) Technical Analysis
NASDAQ:SRRK • US80706P1030
Current stock price
SRRK Technical Rating and Analysis
Overall SRRK gets a technical rating of 10 out of 10. 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.
- 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 85% of all other stocks.
- SRRK 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.
- SRRK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- SRRK has an average volume of 1443900 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 516 other stocks in this industry, SRRK did better than 62% of them.
SRRK Weekly and Daily overview Charts
SRRK Setup Rating and Analysis
SRRK has an excellent technical rating, but the quality of the setup is only medium 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
37.44
5 important support areas can be observed.
- A support zone ranging from 48.80 to 49.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.90 to 46.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.88 from a trend line in the weekly time frame.
- Support @42.15 from a trend line in the daily time frame.
- Support @37.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.02 to 50.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 85.09 | POSITIVE | SRRK has a high relative strength, it outperformed 85.09% 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) | 59.06 | NEUTRAL | The RSI value for SRRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SRRK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.68 | OVERBOUGHT | The high Stochastics value suggests SRRK may be overbought. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for SRRK suggests high volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for SRRK suggests a possible start of a new trend. |
SRRK Chart- and CandleStick Pattern Analysis
SRRK Technicals: Chart, Performance Metrics, Trend & Indicators
49.55
+0.03 (+0.06%)
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 59.0606. 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 49.54 and a resistance level at 50.02. Check the full technical report for our detailed analysis of SRRK support and resistance levels.