CORCEPT THERAPEUTICS INC.
CORCEPT THERAPEUTICS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CORT
ISIN:

CORCEPT THERAPEUTICS INC. - Daily - Technical analysis published on 12/20/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 13.80 USD
My targets
12.08 USD (-4.43%)
10.98 USD (-13.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CORCEPT THERAPEUTICS INC. as long as the price remains well below 13.80 USD. The sellers” bearish objective is set at 12.08 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.98 USD. In case of crossing, the next objective would be the support located at 10.37 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.5

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:
15 min. 1H Weekly

Additional analysis

Quotes

CORCEPT THERAPEUTICS INC. rating 12.64 USD. The price registered an increase of +0.08% on the session and was between 12.54 USD and 12.89 USD. This implies that the price is at +0.80% from its lowest and at -1.94% from its highest.

12.54
12.89
12.64

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CORCEPT THERAPEUTICS INC.:

Technical


Technical analysis of this Daily chart of CORCEPT THERAPEUTICS INC. indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.77 10.37 10.98 12.64 12.77 13.80 14.59
Change (%) -22.71% -17.96% -13.13% - +1.03% +9.18% +15.43%
Change -2.87 -2.27 -1.66 - +0.13 +1.16 +1.95
Level Major Intermediate Major - Major Major Major



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
Standard11.6211.9712.3012.6512.9813.3313.66
Camarilla12.4412.5112.5712.6312.6912.7612.82
Woodie11.6111.9712.2912.6512.9713.3313.65
Fibonacci11.9712.2312.3912.6512.9113.0713.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.3312.0812.4813.2313.6314.3814.78
Camarilla12.5612.6712.7812.8812.9913.0913.20
Woodie11.1611.9912.3113.1413.4614.2914.61
Fibonacci12.0812.5212.7913.2313.6713.9414.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.867.5210.1713.8316.4820.1422.79
Camarilla11.1011.6712.2512.8313.4113.9914.57
Woodie3.377.279.6813.5815.9919.8922.30
Fibonacci7.529.9311.4213.8316.2417.7320.14

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): 38.02
MACD (12,26,9): -0.4200
Directional Movement: -15.18
AROON (14): -42.86
DEMA (21): 12.84
Parabolic SAR (0,02-0,02-0,2): 15.47
Elder Ray (13): -0.42
Super Trend (3,10): 14.54
Zig ZAG (10): 12.64
VORTEX (21): 0.7400
Stochastique (14,3,5): 18.79
TEMA (21): 12.57
Williams %R (14): -80.72
Chande Momentum Oscillator (20): -0.96
Repulse (5,40,3): -4.7300
ROCnROLL: 2
TRIX (15,9): -0.4000
Courbe Coppock: 4.32
MA7: 12.96
MA20: 13.13
MA50: 14.12
MA100: 13.62
MAexp7: 12.90
MAexp20: 13.36
MAexp50: 13.71
MAexp100: 13.46
Price / MA7: -2.47%
Price / MA20: -3.73%
Price / MA50: -10.48%
Price / MA100: -7.20%
Price / MAexp7: -2.02%
Price / MAexp20: -5.39%
Price / MAexp50: -7.80%
Price / MAexp100: -6.09%

This member declared not having a position on this financial instrument or a related financial instrument.

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