SUTRO BIOPHARMA INC (STRO) Technical Analysis
NASDAQ:STRO • US8693672011
Current stock price
STRO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to STRO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STRO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that STRO is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by STRO over the past year are nicely spread over this period.
- STRO is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 519 stocks in the same industry.
- STRO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so STRO is leading the market.
- In the last month STRO has a been trading in the 18.65 - 26.54 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
STRO Weekly and Daily overview Charts
STRO Setup Rating and Analysis
STRO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.42, a Stop Loss order could be placed below this zone.
More info and screens
STRO Support and Resistance Analysis
19.92
We found 3 important support areas.
- A support zone ranging from 24.36 to 24.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.88 from a trend line in the daily time frame.
- Support @20.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.29 to 25.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
STRO 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 STRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STRO is up. |
| ChartMill Relative Strength | 98.66 | POSITIVE | STRO has a high relative strength, it outperformed 98.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.06 | NEUTRAL | The RSI value for STRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests STRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.22 | NEUTRAL | The Stochastics value for STRO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.25 | HIGH VOLATILITY | The high ATR as a percentage value for STRO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.74 | POSITIVE | The high ADX value value for STRO suggests a strong trend. |
STRO Chart- and CandleStick Pattern Analysis
STRO Example Setup
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 |
|---|---|---|---|
| 25.44 | 24.35 | 1.09 (4.28%) | 23.34% |
| An entry @25.44. This is a Buy Stop order right above the resistance zone. | An exit @24.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.09 points, which is 4.28%. | When investing 23.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of STRO. 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.
STRO Technicals: Chart, Performance Metrics, Trend & Indicators
24.43
-0.48 (-1.93%)
SUTRO BIOPHARMA INC / STRO TA FAQ
What is the ChartMill technical rating of SUTRO BIOPHARMA INC (STRO) stock?
ChartMill assigns a technical rating of 10 / 10 to STRO.
What is the trend direction for STRO stock?
The current trend direction for SUTRO BIOPHARMA INC (STRO) is Bullish.
Can you provide the RSI signal for SUTRO BIOPHARMA INC?
SUTRO BIOPHARMA INC (STRO) has an RSI value of 63.0578. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SUTRO BIOPHARMA INC?
The MACD indicator for SUTRO BIOPHARMA INC (STRO) has a value of -0.127131, indicating a bearish trend.
What is the buy/sell signal for STRO stock?
The buy/sell signal for SUTRO BIOPHARMA INC (STRO) is buy as both the short term and long term trends are positive.