EDGEWISE THERAPEUTICS INC (EWTX)
US28036F1057 - Common Stock
We assign a technical rating of 9 out of 10 to EWTX. 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.
In the last month EWTX has a been trading in the 29.82 - 38.12 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that EWTX is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by EWTX over the past year are nicely spread over this period.
EWTX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 98% of 194 stocks in the same industry.
EWTX 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 EWTX is lagging the market slightly.
EWTX has an average volume of 1255390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although EWTX has an excellent technical rating, the quality of the presented setup is not ideal 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
15.37
32.30
When analyzing the support we can see 6 important areas.
- A support zone ranging from 31.44 to 31.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.66 to 30.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.77 from a trend line in the weekly time frame.
- Support @17.34 from a trend line in the weekly time frame.
- Support @16.69 from a trend line in the daily time frame.
- Support @15.53 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.1
Mansfield5.09
10 Day High38.12
10 Day Low29.82
20 Day High38.12
20 Day Low29.82
52 Week High38.12
52 Week Low5.93
Performance
1 Week-2.71%
2 Weeks-9.74%
1 Month-7.63%
3 Month65.44%
6 Month86.91%
12 Month394.28%
2 Year257.32%
3 Year83.58%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.7
RSI(14)46.84
LBB29.86
UBB37.74
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.08 | 31.43 | 1.65 (4.99%) | 20.04% |
| An entry @33.08. This is a Buy Stop order right above the 10 day moving average. | An exit @31.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.65 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.04% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EWTX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EDGEWISE THERAPEUTICS INC
NASDAQ:EWTX (11/21/2024, 8:25:35 PM)
After market: 31.93 -0.05 (-0.16%)31.98
+0.03 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.09%
1 Week-2.71%
2 Weeks-9.74%
1 Month-7.63%
3 Month65.44%
6 Month86.91%
12 Month394.28%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.95
ATR(20)%5.42%
ATR Inc
Range Today1.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High38.12
10 Day Low29.82
20 Day High38.12
20 Day Low29.82
52 Week High38.12
52 Week Low5.93
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume377.00K
Volume Incr-16.87%
Vol(5)614.16K
Vol(50)1.26M