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Ichimoku Cloud Indicator Review for Catalyst Biosciences, Inc. (:CBIO): Base Line Touches 8.395

Investors may be doing a mid-year review of the portfolio. They may be looking to see what changes need to be made for the second half of the year. Maybe there were some great performers that don’t need much attention. There may also be some not so great performers that need to be looked at a little bit closer. As the next earnings reports become available, investors will be able to scrutinize the numbers. Investors may be tracking sell-side analyst projections heading into earnings. Analysts will often update their numbers as the earnings date approaches. 

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Catalyst Biosciences, Inc. (:CBIO), we see that the stock’s latest close price was 8.77. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of 11.280102. Over the last full year, shares have moved -74.44703. Bringing the focus in, the stock has changed -13.326753 over the past three months, 6.553398 over the last month, and 4.7732697 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels for Catalyst Biosciences, Inc. (:CBIO), we note that the Ichimoku Cloud Base Line level is 8.395. The Ichimoku Could Conversion Line reading is 8.305. From another angle, the Ichimoku Lead 1 is presently 8.3975, and the Lead 2 level is 8.2875.

Scanning the levels on shares of Catalyst Biosciences, Inc. (:CBIO), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 11.29/6.2. Over the past 1 month, the high/low is 9.29/7.45. Looking back over the last full-year, the high price is 36.16, and the low price sits at 6.2. For the last six months, the high was seen at 11.4448, and the low was noted at
6.2.

Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:

Fibonacci: 8.423333
Fibonacci support 1: 7.8044934
Fibonacci support 2: 7.4221735
Woodie: 8.375
Woodie support 1: 7.46
Woodie resistance 1: 9.08
Camarilla: 8.423333
Classic: 8.423333
Classic resistance 1: 9.176666
Classic support 1: 7.556667

Looking at the stock’s volatility, we note that the current reading is 9.890777. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 8.381858 while volatility for the month comes in at 7.94013. The current Bull Bear Power reading for the stock is 0.5969294.

Technical analysts will note that the Awesome Oscillator reading is presently 0.17313236. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 7.67. The current reading for the 20 day upper band is 9.29.

Investors are always striving to locate the next great stock to add to the portfolio. Finding that next winner may involve some dedicated research and perseverance. Sorting through the immense amount of information about public companies can be a chore. Many sharp investors will attack the equity markets from many various angles. This may encompass keeping close tabs on fundamental and technical data. This may also include monitoring analyst opinions and tracking institutional transactions.  

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