SUTRO BIOPHARMA INC (STRO) Stock Technical Analysis
NASDAQ:STRO - Nasdaq - US8693671021 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to STRO. STRO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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: 98% of all stocks are doing better.
STRO is one of the lesser performing stocks in the Biotechnology industry. 81% of 561 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. The S&P500 Index is trading in the upper part of its 52 week range, so STRO is lagging the market.
STRO has an average volume of 2149950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month STRO has a been trading in the 0.72 - 1.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, STRO does present a nice setup opportunity. 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 0.92. Right above this resistance zone may be a good entry point.
More info and screens
0.79
1.06
When analyzing the support we can see 2 important areas.
- Support @0.83 from a horizontal line in the daily time frame.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.92 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.96 from a trend line in the daily time frame.
- A resistance zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 2.91 | NEGATIVE | STRO has a low relative strength, it was outperformed by 97.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of STRO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of STRO is above a declining 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) | 51.95 | NEUTRAL | The RSI value for STRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests STRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.57 | NEUTRAL | The Stochastics value for STRO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.55 | HIGH VOLATILITY | The high ATR as a percentage value for STRO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.73 | POSITIVE | The high ADX value value for STRO suggests a strong 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)
0.92
+0.02 (+1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.93%
1 Week0.92%
2 Weeks5.57%
1 Month1.93%
3 Month-48.02%
6 Month-63.35%
12 Month-77.78%
2 Year-79.51%
3 Year-78.85%
5 Year-90.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%12.55%
ATR Inc-25.98%
Range Today0.07
ADR(20)0.11
ADR(20)%12.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.91
Mansfield-6.55
10 Day High1
10 Day Low0.72
20 Day High1.11
20 Day Low0.72
52 Week High5.17
52 Week Low0.52
CS1 End0.83
CR1 Start0.92
Volume & EV
DER(3)-1.67%
DER(5)0.7%
Volume722.70K
Volume Incr-69.53%
Vol(5)736.56K
Vol(50)2.15M