Cytokinetics Stock Technical Analysis

CYTK -  USA Stock  

USD 39.76  0.97  2.50%

As of the 22nd of May, Cytokinetics shows the Downside Deviation of 4.17, mean deviation of 3.3, and Risk Adjusted Performance of 0.0731. Cytokinetics technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Cytokinetics, which can be compared to its rivals. Please confirm Cytokinetics variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Cytokinetics is priced correctly, providing market reflects its regular price of 39.76 per share. Given that Cytokinetics has jensen alpha of 0.394, we suggest you to validate Cytokinetics's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Cytokinetics Analyst Consensus

Target PriceAdvice# of Analysts
54.67Buy12Odds
Cytokinetics current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Cytokinetics analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cytokinetics stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cytokinetics, talking to its executives and customers, or listening to Cytokinetics conference calls.
Cytokinetics Analyst Advice Details
Cytokinetics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cytokinetics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cytokinetics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Cytokinetics Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Cytokinetics volatility developed by Welles Wilder.
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Cytokinetics Trend Analysis

Use this graph to draw trend lines for Cytokinetics. You can use it to identify possible trend reversals for Cytokinetics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cytokinetics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Cytokinetics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Cytokinetics applied against its price change over selected period. The best fit line has a slop of   0.06  , which means Cytokinetics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 143.28, which is the sum of squared deviations for the predicted Cytokinetics price change compared to its average price change.

About Cytokinetics Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cytokinetics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cytokinetics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cytokinetics stock first instead of the macroeconomic environment surrounding Cytokinetics. By analyzing Cytokinetics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cytokinetics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cytokinetics specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 (projected)
Long Term Debt to Equity1.081.16
Interest Coverage7.537.48

Cytokinetics May 22, 2022 Technical Indicators

Most technical analysis of Cytokinetics help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cytokinetics from various momentum indicators to cycle indicators. When you analyze Cytokinetics charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Continue to Trending Equities. Note that the Cytokinetics information on this page should be used as a complementary analysis to other Cytokinetics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Cytokinetics price analysis, check to measure Cytokinetics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cytokinetics is operating at the current time. Most of Cytokinetics' value examination focuses on studying past and present price action to predict the probability of Cytokinetics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cytokinetics' price. Additionally, you may evaluate how the addition of Cytokinetics to your portfolios can decrease your overall portfolio volatility.
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Is Cytokinetics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cytokinetics. If investors know Cytokinetics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cytokinetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cytokinetics is measured differently than its book value, which is the value of Cytokinetics that is recorded on the company's balance sheet. Investors also form their own opinion of Cytokinetics' value that differs from its market value or its book value, called intrinsic value, which is Cytokinetics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cytokinetics' market value can be influenced by many factors that don't directly affect Cytokinetics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cytokinetics' value and its price as these two are different measures arrived at by different means. Investors typically determine Cytokinetics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cytokinetics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.