81% Chance of Trend Reversal: Crinetics Pharmaceuticals (CRNX) Price Analysis and Market Overview
Crinetics Pharmaceuticals (CRNX) has recently shown an interesting price movement, as it exceeded its 50-day Moving Average on June 16, 2023. This upward price move could potentially indicate a change in the trend, possibly leading to a sell signal for investors. Analyzing historical data, A.I.dvisor found 54 similar cases, with 44 of them resulting in successful outcomes. Based on this data, the odds of success in a potential trend reversal are estimated to be around 81%.
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Another significant indicator to consider is CRNX's RSI (Relative Strength Index) Indicator. On May 11, 2023, the 10-day RSI Oscillator for CRNX moved out of the overbought zone. This shift could suggest a potential shift from an upward trend to a downward trend. Traders and investors might want to carefully assess their positions, considering options such as selling the stock or buying put options. Tickeron's A.I.dvisor reviewed 27 instances where the RSI Indicator moved out of the overbought zone, and in 25 of those cases, the stock moved lower in the following days. This historical analysis provides a compelling 90% probability of a downward price move.
Considering the overall market dynamics in the biotechnology industry, it's important to understand CRNX's position in terms of market capitalization. The average market capitalization in the biotechnology industry stands at 2.17B, with a range spanning from 402 to 363.53B. NONOF holds the highest valuation in this group at 363.53B, while the lowest-valued company is PNEXF at 402.
Examining price movements in the biotechnology industry, the average weekly price growth is 1%, while the average monthly price growth is 12%. Over the span of a quarter, the average price growth reaches 39%. Notable stocks in this industry include GLSH, which experienced the highest price growth at 240%, and NBCO, which suffered the biggest fall at -80%.
Furthermore, considering volume trends in the biotechnology industry, the average weekly volume growth is 243%, indicating significant market activity. On a monthly basis, the average volume growth is 203%, while over a quarter, it reaches 11%. These volume dynamics demonstrate the active nature of the industry, with traders and investors closely monitoring stock movements.
Lastly, assessing the fundamental analysis ratings of CRNX, we find valuable insights. The valuation rating stands at 50, indicating a relatively balanced valuation. The P/E Growth Rating is at 87, reflecting positive growth potential. The Price Growth Rating is at 57, suggesting moderate price growth expectations. Additionally, the SMR Rating is at 93, indicating strong sales, margin, and return characteristics. The Profit Risk Rating stands at 94, highlighting potential risks in the company's profitability. Lastly, the Seasonality Score is at 6, indicating a neutral seasonality trend.
As always, it's important to conduct thorough research, consult with financial advisors, and carefully consider your investment goals before making any decisions based on market analysis. Understanding the various indicators and ratings can provide valuable insights, but market conditions can change rapidly. Stay informed and make investment decisions that align with your risk tolerance and long-term objectives.
Momentum Indicator for CRNX turns negative, indicating new downward trend
CRNX saw its Momentum Indicator move below the 0 level on March 31, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 100 similar instances where the indicator turned negative. In of the 100 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for CRNX turned negative on April 01, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRNX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CRNX entered a downward trend on April 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CRNX's RSI Oscillator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRNX advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .
CRNX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.028) is normal, around the industry mean (13.260). P/E Ratio (0.000) is within average values for comparable stocks, (64.931). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.878). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. CRNX's P/S Ratio (2500.000) is slightly higher than the industry average of (252.036).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CRNX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Fundamental Analysis Ratings
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General Information
a developer of therapeutics for endocrine-related diseases
Industry Biotechnology