Below is an analysis of the stock price action for Better Therapuetics (BTTX), Cyngn (CYN), Intercept Pharamaceuticals (ICPT). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.
Better Therapuetics (BTTX)
BTTX broke out today on technical play. It broke out over the 2.25 level which was a key level from the past few days. It then grinded and broke out over 3. Once it broke out, the volume decreased and RSI decreased, then it broke down the rest of the day all the way back to 2.25. This big retracement appears to have cleared any up trend momentum and looks like possibly trade in the 2.25-2.5 range.
Cyngn (CYN)
CYN made a technical squeeze above the 3.90 level today reaching a high of nearly 4.75. It then retraced the majority of that move back to the 3.55 level. Momentum looks to be cooling off and it consolidating near the 3.66 level.
Intercept Pharamaceuticals (ICPT)
ICPT gapped up on positive news today, making a volatile move up and down in the premarket. It had some selling on the open but ultimately consolidated near the 19.6 level, closing above VWAP. It is looking strong for a possible continued up trend if it can hold the 19.25 level then up to 20.50
Recap
| BTTX | CYN | ICPT |
|---|---|---|
| Shares: 10-25milIndustry: HealthcareCatalyst: ContinuationATR: 0.25 - 0.50Time Frame: DailyResistance: 2.5Support: 2.25 | Shares: 25-50milCatalyst: TechnicalATR: 0.50 - 1.00Time Frame: DailyShort SqueezeResistance: 3.9Resistance: 3.66Support: 3.15 | Shares: 25-50milIndustry: BiotechnologyCatalyst: Positive Company NewsATR: 1.00 - 3.00Time Frame: 1 MinuteBreakout Level: 20.5Support: 19.25Breakdown Level: 18 |