CORBUS PHARMACEUTICALS HLD. - Daily - Technical analysis published on 09/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 5.73 USD
My targets
5.26 USD (-3.49%)
4.65 USD (-14.68%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CORBUS PHARMACEUTICALS HLD. as long as the price remains well below 5.73 USD. The sellers” bearish objective is set at 5.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.65 USD. In case of crossing, the next objective would be the support located at 3.78 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CORBUS PHARMACEUTICALS HLD. rating 5.45 USD. On the day, this instrument gained +4.21% with the lowest point at 5.15 USD and the highest point at 5.53 USD. The deviation from the price is +5.83% for the low point and -1.45% for the high point.5.15
5.53
5.45
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CORBUS PHARMACEUTICALS HLD. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.78 | 4.65 | 5.26 | 5.45 | 5.73 | 6.92 | 7.77 |
| Change (%) | -30.64% | -14.68% | -3.49% | - | +5.14% | +26.97% | +42.57% |
| Change | -1.67 | -0.80 | -0.19 | - | +0.28 | +1.47 | +2.32 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.89 | 4.96 | 5.10 | 5.17 | 5.31 | 5.38 | 5.52 |
| Camarilla | 5.17 | 5.19 | 5.21 | 5.23 | 5.25 | 5.27 | 5.29 |
| Woodie | 4.92 | 4.98 | 5.13 | 5.19 | 5.34 | 5.40 | 5.55 |
| Fibonacci | 4.96 | 5.04 | 5.09 | 5.17 | 5.25 | 5.30 | 5.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.70 | 4.90 | 5.04 | 5.25 | 5.39 | 5.60 | 5.74 |
| Camarilla | 5.09 | 5.12 | 5.15 | 5.18 | 5.21 | 5.24 | 5.28 |
| Woodie | 4.66 | 4.89 | 5.01 | 5.23 | 5.35 | 5.58 | 5.70 |
| Fibonacci | 4.90 | 5.04 | 5.12 | 5.25 | 5.38 | 5.47 | 5.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.38 | 4.25 | 4.71 | 5.58 | 6.05 | 6.91 | 7.38 |
| Camarilla | 4.81 | 4.94 | 5.06 | 5.18 | 5.30 | 5.42 | 5.55 |
| Woodie | 3.18 | 4.15 | 4.51 | 5.48 | 5.85 | 6.81 | 7.18 |
| Fibonacci | 4.25 | 4.76 | 5.07 | 5.58 | 6.09 | 6.40 | 6.91 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.76 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -2.92 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 5.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.57 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 5.92 | |
| Zig ZAG (10): | 5.45 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 32.53 | |
| TEMA (21): | 5.18 | |
| Williams %R (14): | -46.99 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | 5.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5600 | |
| Courbe Coppock: | 16.83 |
| MA7: | 5.25 | |
| MA20: | 5.52 | |
| MA50: | 5.99 | |
| MA100: | 6.56 | |
| MAexp7: | 5.30 | |
| MAexp20: | 5.48 | |
| MAexp50: | 5.90 | |
| MAexp100: | 6.30 | |
| Price / MA7: | +3.81% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -9.02% | |
| Price / MA100: | -16.92% | |
| Price / MAexp7: | +2.83% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -7.63% | |
| Price / MAexp100: | -13.49% |
News
The latest news and videos published on CORBUS PHARMACEUTICALS HLD. at the time of the analysis were as follows:
- CORBUS INVESTOR ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Corbus Pharmaceuticals Holdings, Inc.; Investors with Over $100K in Losses are Encouraged to Contact the Firm - CRBP
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Corbus Pharmaceuticals Holdings, Inc. - CRBP
-
Corbus Pharmaceuticals Holdings, Inc. - CRBP Stock Chart Technical Analysis for 02-12-2019
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Corbus Pharmaceuticals Holdings, Inc. - CRBP Stock Chart Technical Analysis for 09-20-18
- Consolidated Research: 2018 Summary Expectations for CACI International, SELECT EGY SVCS, Internap, Sotheby's, Verint, and Corbus Pharmaceuticals — Fundamental Analysis, Key Performance Indications
This member declared not having a position on this financial instrument or a related financial instrument.
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