SUTRO BIOPHARMA INC (STRO) Stock Technical Analysis
NASDAQ:STRO - US8693671021 - Common Stock
0.8571 USD
-0.04 (-4.28%)
0.8571 USD
0 (0%)
We assign a technical rating of 5 out of 10 to STRO. In the past year, STRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, STRO is a bad performer in the overall market: 97% of all stocks are doing better.
STRO is part of the Biotechnology industry. There are 542 other stocks in this industry, of which 80% are performing better than STRO.
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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month STRO has a been trading in the 0.76 - 0.96 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.
STRO has only a medium technical rating, but it does show 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 0.89. Right above this resistance zone may be a good entry point. 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
0.76
0.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.77 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.92 to 0.92. 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 | DOWN | NEGATIVE | The long term trend for STRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STRO is up. |
| ChartMill Relative Strength | 3.88 | NEGATIVE | STRO has a low relative strength, it was outperformed by 96.12% 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) | DOWN | NEGATIVE | The current price of STRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.87 | NEUTRAL | The RSI value for STRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests STRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.31 | NEUTRAL | The Stochastics value for STRO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for STRO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.4 | 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)
0.8571
-0.04 (-4.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.28%
1 Week-0.08%
2 Weeks-2.38%
1 Month5.81%
3 Month-4.52%
6 Month-46.09%
12 Month-81.25%
2 Year-81.96%
3 Year-84.86%
5 Year-91.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%7.62%
ATR Inc-36.37%
Range Today0.06
ADR(20)0.07
ADR(20)%7.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.88
Mansfield-5.68
10 Day High0.96
10 Day Low0.8
20 Day High0.96
20 Day Low0.76
52 Week High4.8
52 Week Low0.52
CS1 End0.85
CR1 Start0.89
Volume & EV
DER(3)-4.75%
DER(5)2.2%
Volume262.50K
Volume Incr5.69%
Vol(5)403.00K
Vol(50)721.39K