SWTX NASDAQ |
SpringWorks Therapeutics Inc • Biotechnology |
Fri 14 Mar, close | |
Breakdown tradeWATCH for breakdown below 48.92
Target: 42.95, 16% Cover: 53.04 Loss: 3.7%
P/L ratio: 4.3 : 1 - Excellent
Breakdown
Long
Short
Flat price area, both long and short entries have high trade qualityDefault chart
Quote 51.14 +1.37,+2.8% L 48.94 O 50.2 H 51.51 Volume 1.7mil +17.2% typical 52 Wk 28.6 to 59.9 Earnings recent Feb 20 pMkt Link PEG na P/E na Short 10.11%Div na EPS -3.48Mkt Cap 3.83B |
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https://stockconsultant.com/?SWTX
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Top ˄Fri 14 Mar, close
8 Month Detailed Chart
100%
Flat price area, both long and short entries have high trade quality
Scale +/-0(min) to 10(max)
QUOTE
51.14, +1.37 pts (+2.8%), Fri 14 Mar, close
strong up from yesterday's close.
Today's
L 48.94 O 50.2 H 51.51Typical price range:
48.39 to
51.15 ± 1.38 pts, ± 2.7%
Extreme price range (85% of time)
47.01 to
52.53 ± 2.76 pts, ± 5.4%
VOLUME
1.7mil shares, +17.2% compared to typical daily volume over the past 6 months.
Typical daily volume is 1.45mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 8.37 pts (16.4%) occurs 25% of the time.
Extreme: 10.88 pts (21.3%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
[Timing] Strong bullish 1 day moneyflow
BEARISH
[Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
[Timing] breakdown watch below 48.92, no support in area just below.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
strong up (+1.37 pts, +2.8%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
NeutralPlus, odds slightly favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
possibly bearish, Uptrend turned sideways, may continue or pullback.
SUPPORT/RESISTANCE
51.14, at support or resistance,
50.26 ± 1.36
type single,
strength 5
Support Below : -17.9% at
41.99 ± 1.13
type triple,
strength 10
Resistance Above : +5.2% at
53.82 ± 1.45
type single,
strength 5
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Mild bullish 3 day candlestick pattern.
Strong 3 day accumulation, occurs 30% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Strong bullish 1 day moneyflow,
occurs 20% of the time.
BREAKOUT
None.
BREAKDOWN
WATCH for possible breakdown below 48.92, no support in area just below.
Type: Continuation breakdown from single support.
Target:
42.95, 16% Cover: 53.04
Loss: 3.7%
P/L ratio: 4.3 : 1 - Excellent
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
51.14, at support or resistance,
50.26 ± 1.36
type single,
strength 5
SUPPORT BELOW
-17.9% at 41.99 ± 1.13 type triple,
strength 10
-23% at 39.36 ± 1.06 type triple+,
strength 10
-26.5% at 37.58 ± 1.01 type single,
strength 5
...
RESISTANCE ABOVE
+5.2% at 53.82 ± 1.45 type single,
strength 5
+13.9% at 58.25 ± 1.57 type single,
strength 8
90%
Trade Quality
Long
TARGET 1
Price:
57.54 Profit:
12.5% (Typical rally)
Stop/Trailing Stop: 49.26 Loss: 3.7%
P/L Ratio: 3.4 : 1 - Good
POTENTIAL
Excellent, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
+5.2% at
53.82 ± 1.45
type single,
strength 5
+12.5% at 57.54 is Target 1
TARGET 2
Price:
59.98 Profit:
17.3% P/L Ratio: 4.7 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
None.
85%
Trade Quality
Short
TARGET 1
Price:
43.31 Profit:
15.3% (Typical pullback)
Cover/Trailing Cover: 53.04 Loss: 3.7%
P/L Ratio: 4.1 : 1 - Excellent
POTENTIAL
Excellent, there are 0 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 2
Price:
40.78 Profit:
20.3% P/L Ratio: 5.5 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.
BREAKDOWN
WATCH for possible breakdown below 48.92, no support in area just below.
Type: Continuation breakdown from single support.
Target:
42.95, 16% Cover: 53.04
Loss: 3.7%
P/L ratio: 4.3 : 1 - Excellent