We assign a technical rating of 9 out of 10 to SRRK. 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.
- SRRK is part of the Biotechnology industry. There are 524 other stocks in this industry. SRRK outperforms 74% of them.
- 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.
- In the last month SRRK has a been trading in the 40.63 - 49.82 range, which is quite wide. It is currently trading near the high of this range.
- SRRK has an average volume of 1201670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that SRRK is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, SRRK also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 45.47, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.14
We found 5 important support areas.
- A support zone ranging from 44.34 to 45.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 42.17 to 42.78. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 41.08 to 41.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.02 from a trend line in the weekly time frame.
- Support @28.42 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @47.96 from a horizontal 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 | 90.74 | POSITIVE | SRRK has a high relative strength, it outperformed 90.74% 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) | 56.42 | NEUTRAL | The RSI value for SRRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SRRK has a positive trend. |
| Stochastics (14,3) | 67.68 | NEUTRAL | The Stochastics value for SRRK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for SRRK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for SRRK suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 47.97 | 44.33 | 3.64 (7.59%) | 13.18% |
| An entry @47.97. This is a Buy Stop order right above the resistance zone. | An exit @44.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.64 points, which is 7.59%. | For a 1.00% total portfolio risk, you can invest 13.18% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SRRK. Please evaluate whether better entry and exit points can be found.
- 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.
46.83
-1.12 (-2.34%)
SCHOLAR ROCK HOLDING CORP / SRRK FAQ
What is the technical rating for SRRK stock?
ChartMill assigns a technical rating of 9 / 10 to SRRK.
What is the trend direction for SRRK stock?
The current trend direction for SCHOLAR ROCK HOLDING CORP (SRRK) is Bullish.
What is the RSI signal for SCHOLAR ROCK HOLDING CORP (SRRK) stock?
SCHOLAR ROCK HOLDING CORP (SRRK) has an RSI value of 56.4249. This indicates that the stock is currently neutral.
What is the MACD signal for SCHOLAR ROCK HOLDING CORP (SRRK) stock?
The MACD indicator for SCHOLAR ROCK HOLDING CORP (SRRK) has a value of 0.14884, indicating a bearish trend.
What is the buy/sell signal for SRRK stock?
The buy/sell signal for SCHOLAR ROCK HOLDING CORP (SRRK) is buy as both the short term and long term trends are positive.