SUTRO BIOPHARMA INC (STRO) Stock Technical Analysis
USA - NASDAQ:STRO - US8693671021 - Common Stock
0.8284 USD
-0.06 (-6.93%)
0.8325 USD
+0 (+0.49%)
We assign a technical rating of 2 out of 10 to STRO. STRO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, STRO is a bad performer in the overall market: 94% of all stocks are doing better.
STRO is one of the lesser performing stocks in the Biotechnology industry. 75% of 538 stocks in the same industry do better.
STRO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month STRO has a been trading in the 0.82 - 1.18 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
STRO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.83, a Stop Loss order could be placed below this zone.
More info and screens
0.72
1.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.82 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.80 from a trend line in the daily time frame.
- Support @0.75 from a horizontal line in the daily time frame.
- Support @0.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.97 to 0.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.03 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 | DOWN | NEGATIVE | The long term trend for STRO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STRO is neutral. |
| ChartMill Relative Strength | 6.12 | NEGATIVE | STRO has a low relative strength, it was outperformed by 93.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of STRO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.75 | NEUTRAL | The RSI value for STRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests STRO has a negative trend. |
| Stochastics (14,3) | 11.33 | OVERSOLD | The low Stochastics value suggests STRO may be oversold. |
| Average True Range in percent/ATR (20) | 10.18 | HIGH VOLATILITY | The high ATR as a percentage value for STRO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for STRO 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)
0.8284
-0.06 (-6.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.93%
1 Week-6.91%
2 Weeks-14.49%
1 Month-0.78%
3 Month13.08%
6 Month12.6%
12 Month-76.29%
2 Year-76.08%
3 Year-85.04%
5 Year-91.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%10.18%
ATR Inc-25.88%
Range Today0.09
ADR(20)0.08
ADR(20)%9.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.12
Mansfield-5.26
10 Day High1.01
10 Day Low0.82
20 Day High1.18
20 Day Low0.82
52 Week High4.6
52 Week Low0.52
CS1 End0.83
CR1 Start0.88
Volume & EV
DER(3)-5.08%
DER(5)-5.44%
Volume728.52K
Volume Incr-0.4%
Vol(5)510.31K
Vol(50)499.39K