The Hourly View for CRSP

Currently, CRSP (Get Ratings)’s price is up $2.53 (2.3%) from the hour prior. This is the 2nd hour in a row CRSP has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

CRSP’s Technical Outlook on the Daily Chart

At the moment, CRSP’s price is up $1.85 (1.67%) from the day prior. CRSP has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. CRISPR Therapeutics AG’s price action over the past 90 days can be seen via the chart below.

CRSP

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