STTK Technical Analysis - SHATTUCK LABS INC

Technical Rating and Analysis

Overall STTK gets a technical rating of 6 out of 10. In the last year, STTK was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month STTK has a been trading in the 1.74 - 2.71 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.

STTK is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 536 stocks in the same industry.

STTK has an average volume of 2819240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Looking at the yearly performance, STTK did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

STTK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STTK is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SHATTUCK LABS INC / STTK Weekly stock chart

SHATTUCK LABS INC / STTK Daily stock chart

Setup Rating and Analysis

STTK has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.72

1.89

When analyzing the support we can see 2 important areas.

A support zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 STTK is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for STTK is down.
ChartMill Relative Strength	95.21	POSITIVE	STTK has a high relative strength, it outperformed 95.21% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of STTK is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of STTK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of STTK is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.29	NEUTRAL	The RSI value for STTK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.11	NEGATIVE	The MACD value suggests STTK has a negative trend.
Stochastics (14,3)	9.06	OVERSOLD	The low Stochastics value suggests STTK may be oversold.
Average True Range in percent/ATR (20)	12.66	HIGH VOLATILITY	The high ATR as a percentage value for STTK suggests high volalility.
Average Directional Index/ADX (14)	31.27	POSITIVE	The high ADX value value for STTK suggests a strong trend.