TRAWS PHARMA INC (TRAW) Stock Technical Analysis
NASDAQ:TRAW - Nasdaq - US68232V8845 - Common Stock - Currency: USD
Taking everything into account, TRAW scores 3 out of 10 in our technical rating. Although TRAW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
TRAW 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 TRAW is lagging the market.
TRAW is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 91% of 195 stocks in the same industry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TRAW has an average volume of 1418700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TRAW is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month TRAW has a been trading in the 0.97 - 2.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRAW has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
1.17
1.90
2 important support areas can be observed.
- Support @1.27 from a trend line in the weekly time frame.
- Support @1.18 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.81 from a trend line in the daily time frame.
- Resistance @1.88 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for TRAW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRAW is neutral. |
| ChartMill Relative Strength | 95.13 | POSITIVE | TRAW has a high relative strength, it outperformed 95.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRAW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TRAW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TRAW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.14 | NEUTRAL | The RSI value for TRAW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TRAW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.15 | NEUTRAL | The Stochastics value for TRAW is a neutral value. |
| Average True Range in percent/ATR (20) | 16.35 | HIGH VOLATILITY | The high ATR as a percentage value for TRAW suggests high volalility. |
| Average Directional Index/ADX (14) | 23.28 | NEUTRAL | The ADX value for TRAW suggests a possible start of a new 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)
1.65
+0.17 (+11.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg11.49%
1 Week16.2%
2 Weeks30.95%
1 Month17.86%
3 Month-41.7%
6 Month-65.41%
12 Month153.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%16.35%
ATR Inc-1.6%
Range Today0.28
ADR(20)0.25
ADR(20)%15.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.13
Mansfield-5.07
10 Day High2.58
10 Day Low1.17
20 Day High2.58
20 Day Low0.97
52 Week High19.44
52 Week Low0.24
CS1 End1.47
CR1 StartN/A
Volume & EV
DER(3)-1.88%
DER(5)-0.15%
Volume493.90K
Volume Incr6847.45%
Vol(5)13.15M
Vol(50)1.42M