STOKE THERAPEUTICS INC (STOK) Stock Technical Analysis
NASDAQ:STOK • US86150R1077
We assign a technical rating of 10 out of 10 to STOK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STOK is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that STOK is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, STOK also shows a nice and consistent pattern of rising prices.
- STOK is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 520 stocks in the same industry.
- STOK 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 STOK is lagging the market slightly.
- In the last month STOK has a been trading in the 28.75 - 35.39 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, STOK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STOK in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
30.56
When analyzing the support we notice one important area.
- A support zone ranging from 30.87 to 32.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.60 to 35.61. This zone is formed by a combination of multiple trend lines 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 STOK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STOK is neutral. |
| ChartMill Relative Strength | 98.58 | POSITIVE | STOK has a high relative strength, it outperformed 98.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STOK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STOK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STOK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.71 | NEUTRAL | The RSI value for STOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests STOK has a positive trend. |
| Stochastics (14,3) | 69.59 | NEUTRAL | The Stochastics value for STOK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for STOK suggests high volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for STOK 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 |
|---|---|---|---|
| 35.62 | 30.86 | 4.76 (13.36%) | 7.48% |
| An entry @35.62. This is a Buy Stop order right above the resistance zone. | An exit @30.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.76 points, which is 13.36%. | When investing 7.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.29
-0.08 (-0.23%)
STOKE THERAPEUTICS INC / STOK FAQ
What is the technical rating for STOK stock?
ChartMill assigns a technical rating of 10 / 10 to STOK.
Can you provide the trend direction for STOKE THERAPEUTICS INC?
The current trend direction for STOKE THERAPEUTICS INC (STOK) is Bullish.
Can you provide the RSI signal for STOKE THERAPEUTICS INC?
STOKE THERAPEUTICS INC (STOK) has an RSI value of 60.7089. This indicates that the stock is currently neutral.
What is the MACD signal for STOKE THERAPEUTICS INC (STOK) stock?
The MACD indicator for STOKE THERAPEUTICS INC (STOK) has a value of 0.272091, indicating a bearish trend.