SHATTUCK LABS INC (STTK) Technical Analysis
NASDAQ:STTK • US82024L1035
We assign a technical rating of 10 out of 10 to STTK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STTK is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that STTK is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by STTK over the past year are nicely spread over this period.
- STTK is part of the Biotechnology industry. There are 520 other stocks in this industry. STTK outperforms 95% of them.
- A new 52 week high is currently being made by STTK, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so STTK is leading the market.
- In the last month STTK has a been trading in the 3.54 - 6.00 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.
Although STTK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.07 to 4.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.09 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 | UP | POSITIVE | The long term trend for STTK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STTK is up. |
| ChartMill Relative Strength | 99.16 | POSITIVE | STTK has a high relative strength, it outperformed 99.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STTK is above the rising 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) | 80.48 | OVERBOUGHT | The high RSI value suggests STTK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests STTK has a positive trend. |
| Stochastics (14,3) | 96.74 | OVERBOUGHT | The high Stochastics value suggests STTK may be overbought. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for STTK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for STTK suggests a possible start of a new trend. |
STTK Technicals: Chart, Performance Metrics, Trend & Indicators
5.99
+0.89 (+17.45%)
SHATTUCK LABS INC / STTK FAQ
What is the technical rating for STTK stock?
ChartMill assigns a technical rating of 10 / 10 to STTK.
Can you provide the trend direction for SHATTUCK LABS INC?
The current trend direction for SHATTUCK LABS INC (STTK) is Bullish.
Can you provide the RSI signal for SHATTUCK LABS INC?
SHATTUCK LABS INC (STTK) has an RSI value of 80.4805. This indicates that the stock is currently overbought.
What is the MACD signal for STTK stock?
The MACD indicator for SHATTUCK LABS INC (STTK) has a value of 0.167287, indicating a bearish trend.
What is the support and resistance level for STTK stock?
SHATTUCK LABS INC (STTK) has a support level at 4.12. Check the full technical report for our detailed analysis of STTK support and resistance levels.