Restorbio Inc (TORC) Technical Analysis
NASDAQ:TORC
Current stock price
TORC Technical Rating and Analysis
Overall TORC gets a technical rating of 3 out of 10. TORC performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, TORC is a bad performer in the overall market: 91% of all stocks are doing better.
- TORC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TORC is lagging the market.
- In the last month TORC has a been trading in the 1.88 - 2.46 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Considerably lower volume is observed in the last couple of days.
TORC Weekly and Daily overview Charts
TORC Setup Rating and Analysis
Although the technical rating is bad, TORC does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TORC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
TORC Support and Resistance Analysis
1.94
We found 1 important support area.
- A support zone ranging from 1.96 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @2.38 from a horizontal line in the daily time frame.
TORC 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 | NEUTRAL | NEUTRAL | The long term trend for TORC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TORC is neutral. |
| ChartMill Relative Strength | 9.01 | NEGATIVE | TORC has a low relative strength, it was outperformed by 90.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TORC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TORC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TORC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | NEUTRAL | The RSI value for TORC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TORC has a positive trend. |
| Stochastics (14,3) | 76.35 | NEUTRAL | The Stochastics value for TORC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for TORC suggests high volalility. |
TORC Chart- and CandleStick Pattern Analysis
TORC Technicals: Chart, Performance Metrics, Trend & Indicators
2.28
-0.09 (-3.8%)
Restorbio Inc / TORC TA FAQ
What is the ChartMill technical rating of Restorbio Inc (TORC) stock?
ChartMill assigns a technical rating of 3 / 10 to TORC.
What is the trend direction for TORC stock?
The current trend direction for Restorbio Inc (TORC) is Bearish.
What is the RSI signal for TORC stock?
Restorbio Inc (TORC) has an RSI value of 52.9318. This indicates that the stock is currently neutral.
What is the MACD signal for TORC stock?
The MACD indicator for Restorbio Inc (TORC) has a value of 0.0313555, indicating a bearish trend.
Can you provide the support and resistance levels for Restorbio Inc?
Restorbio Inc (TORC) has a support level at 2.02 and a resistance level at 2.38. Check the full technical report for our detailed analysis of TORC support and resistance levels.