CORCEPT THERAPEUTICS INC. - Daily - Technical analysis published on 08/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 12.00 USD
My targets
12.77 USD (+0.87%)
14.59 USD (+15.24%)
My analysis
The bullish trend is currently very strong on CORCEPT THERAPEUTICS INC.. As long as the price remains above the support at 12.00 USD, you could try to benefit from the boom. The first bullish objective is located at 12.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.59 USD as an objective. Crossing it would then enable buyers to target 15.71 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CORCEPT THERAPEUTICS INC. price is 12.66 USD. On the day, this instrument lost -0.78% with the lowest point at 12.53 USD and the highest point at 12.80 USD. The deviation from the price is +1.04% for the low point and -1.09% for the high point.12.53
12.80
12.66
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CORCEPT THERAPEUTICS INC. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.74 | 10.98 | 12.00 | 12.66 | 12.77 | 14.59 | 15.71 |
| Change (%) | -23.06% | -13.27% | -5.21% | - | +0.87% | +15.24% | +24.09% |
| Change | -2.92 | -1.68 | -0.66 | - | +0.11 | +1.93 | +3.05 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.12 | 12.31 | 12.54 | 12.73 | 12.96 | 13.15 | 13.38 |
| Camarilla | 12.64 | 12.68 | 12.72 | 12.76 | 12.80 | 12.84 | 12.88 |
| Woodie | 12.13 | 12.32 | 12.55 | 12.74 | 12.97 | 13.16 | 13.39 |
| Fibonacci | 12.31 | 12.47 | 12.57 | 12.73 | 12.89 | 12.99 | 13.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.16 | 11.54 | 11.99 | 12.37 | 12.82 | 13.20 | 13.65 |
| Camarilla | 12.20 | 12.28 | 12.35 | 12.43 | 12.51 | 12.58 | 12.66 |
| Woodie | 11.19 | 11.56 | 12.02 | 12.39 | 12.85 | 13.22 | 13.68 |
| Fibonacci | 11.54 | 11.86 | 12.06 | 12.37 | 12.69 | 12.89 | 13.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.04 | 9.63 | 10.44 | 11.03 | 11.84 | 12.43 | 13.24 |
| Camarilla | 10.88 | 11.00 | 11.13 | 11.26 | 11.39 | 11.52 | 11.65 |
| Woodie | 9.16 | 9.69 | 10.56 | 11.09 | 11.96 | 12.49 | 13.36 |
| Fibonacci | 9.63 | 10.16 | 10.49 | 11.03 | 11.56 | 11.89 | 12.43 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.06 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | 20.07 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 12.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.51 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 11.44 | |
| Zig ZAG (10): | 12.66 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 78.18 | |
| TEMA (21): | 12.97 | |
| Williams %R (14): | -27.15 | |
| Chande Momentum Oscillator (20): | 1.33 | |
| Repulse (5,40,3): | 1.7600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5800 | |
| Courbe Coppock: | 28.49 |
| MA7: | 12.64 | |
| MA20: | 11.85 | |
| MA50: | 11.08 | |
| MA100: | 11.24 | |
| MAexp7: | 12.60 | |
| MAexp20: | 12.02 | |
| MAexp50: | 11.47 | |
| MAexp100: | 11.46 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +6.84% | |
| Price / MA50: | +14.26% | |
| Price / MA100: | +12.63% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +5.32% | |
| Price / MAexp50: | +10.37% | |
| Price / MAexp100: | +10.47% |
News
The latest news and videos published on CORCEPT THERAPEUTICS INC. at the time of the analysis were as follows:
- Corcept Therapeutics Announces Second Quarter 2019 Financial Results and Provides Corporate Update
- Corcept Therapeutics to Announce Second Quarter Financial Results, Provide Corporate Update and Host Conference Call
- Corcept Therapeutics to Present Data from Phase 1/2 Trial of Relacorilant Plus Nab-Paclitaxel in Patients with Solid Tumors at the American Society of Clinical Oncology Annual Meeting
- Corcept Therapeutics Announces First Quarter 2019 Financial Results and Provides Corporate Update
- Corcept Therapeutics to Announce First Quarter Financial Results, Provide Corporate Update and Host Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
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