Exploring NASDAQ:NTRA's high growth characteristics.

Our stock screener has flagged NATERA INC (NASDAQ:NTRA) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:NTRA for potential movement.

Insights from Technical Analysis

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 8 out of 10 to NTRA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• When comparing the yearly performance of all stocks, we notice that NTRA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, NTRA also shows a nice and consistent pattern of rising prices.
• NTRA is part of the Biotechnology industry. There are 564 other stocks in this industry. NTRA outperforms 92% of them.
• NTRA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTRA is lagging the market slightly.
• In the last month NTRA has a been trading in the 117.27 - 133.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of NTRA for a complete technical analysis.

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:NTRA currently has a 9 as setup rating:

Besides having an excellent technical rating, NTRA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 130.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 121.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Some of the high growth metrics of NASDAQ:NTRA highlighted

• The EPS of NATERA INC has exhibited growth from one quarter to another (Q2Q), with a 69.07% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• NATERA INC has achieved 58.13% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The 1-year revenue growth of NATERA INC (46.12%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• The average next Quarter EPS Estimate for NATERA INC has experienced a 10.62% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• The quarterly earnings of NATERA INC have shown a 69.07% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• NATERA INC shows accelerating EPS growth: when comparing the current Q2Q growth of 69.07% to the previous year Q2Q growth of 35.33%, we see the growth rate improving.
• With positive growth in its operating margin over the past year, NATERA INC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• The free cash flow (FCF) of NATERA INC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• NATERA INC exhibits a favorable Debt-to-Equity ratio at 0.44. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• The ownership composition of NATERA INC reflects a balanced investor ecosystem, with institutional shareholders owning 7.58%. This indicates a broader market participation and potential for increased trading liquidity.
• NATERA INC has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• The Relative Strength (RS) of NATERA INC has been consistently solid, with a current 97.87 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. NATERA INC exhibits strong prospects for further price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.