Taking everything into account, CCCC scores 3 out of 10 in our technical rating. In the past year, CCCC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, CCCC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.71. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CCCC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.05
When analyzing the support we can see 3 important areas.
- Support @2.36 from a trend line in the daily time frame.
- A support zone ranging from 2.22 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.07 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.71 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.82 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 | NEUTRAL | NEUTRAL | The long term trend for CCCC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCCC is neutral. |
| ChartMill Relative Strength | 12.02 | NEGATIVE | CCCC has a low relative strength, it was outperformed by 87.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCCC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CCCC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.71 | NEUTRAL | The RSI value for CCCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CCCC has a negative trend. |
| Stochastics (14,3) | 38.02 | NEUTRAL | The Stochastics value for CCCC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for CCCC suggests high volalility. |
| Average Directional Index/ADX (14) | 20.19 | NEUTRAL | The ADX value for CCCC suggests a possible start of a new trend. |
2.47
-0.07 (-2.76%)
C4 THERAPEUTICS INC / CCCC FAQ
What is the ChartMill technical rating of C4 THERAPEUTICS INC (CCCC) stock?
ChartMill assigns a technical rating of 3 / 10 to CCCC.
What is the trend direction for CCCC stock?
The current trend direction for C4 THERAPEUTICS INC (CCCC) is Bearish.
Can you provide the RSI signal for C4 THERAPEUTICS INC?
C4 THERAPEUTICS INC (CCCC) has an RSI value of 47.7053. This indicates that the stock is currently neutral.
What is the short term momentum for CCCC stock?
The short term momentum for C4 THERAPEUTICS INC (CCCC) is neutral.
What are the support and resistance levels for C4 THERAPEUTICS INC (CCCC) stock?
C4 THERAPEUTICS INC (CCCC) has a support level at 2.36 and a resistance level at 2.71. Check the full technical report for our detailed analysis of CCCC support and resistance levels.