Crinetics Pharmaceuticals, Inc. ($CRNX) And Otonomy, Inc. ($OTIC) Square Off

2019-08-16 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: Crinetics Pharmaceuticals, Inc. and Otonomy, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Crinetics Pharmaceuticals, Inc. opened at 17.92, got to a maximum price of 19.2 and dropped to as low as 17.813 before finishing the session at 18.06. In total there were 37700 shares traded, which is enough to conduct our analysis. Compare that now to Otonomy, Inc., which opened at 2.23, had a high of 2.23, a low of 2.13, closed at 2.19 and had a total volume of 29100.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Crinetics Pharmaceuticals, Inc. Otonomy, Inc.
Accumulation-distribution index 3639.07941 36.96852
on-balance volume -18.0 2.25
chaikin money flow

1.16719 3.73252
force index

1.18858 0.0252
ease of movement rating

-2e-05 -0.0001
volume-price trend

-4.13794 -0.36967
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Crinetics Pharmaceuticals, Inc. Otonomy, Inc.
Average true range 0.71516 0.08229
Bolinger bands 18.01687 2.30228
Upper bollinger band 17.38613 2.04772
Lower bollinger band

17.813 2.13
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

18.311 2.19667
High band keltner channel

17.031 2.19667
Low band keltner channel

19.591 2.19667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

17.813 2.13
Donchain channel low band

17.813 2.13
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Crinetics Pharmaceuticals, Inc. Otonomy, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.00202
MACD signal -0.00278 0.00112
MACD difference -0.00222 0.0009
fast Exponential Moving Average (EMA) indicator

17.813 2.13
slow Exponential Moving Average (EMA) indicator

17.813 2.13
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.01455 0.1

-19.56797 -14.58128
Mass Index (MI)

1.0 2.952
Commodity Channel Index (CCI)

-66.66667 66.66667
Detrended Price Oscillator (DPO)

5.32245 0.43594
KST Oscillator (KST)

-230.05617 -169.89615
KST Oscillator (KST Signal)

-230.05617 -169.89615
KST difference

-2.40972 8.7687
Ichimoku rating

18.56 2.23
Ichimoku B rating

18.56 2.23
Ichimoku visual trend A

23.65951 2.64333
Ichimoku visual trend B

22.8212 2.60468
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Crinetics Pharmaceuticals, Inc. Otonomy, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 35.97365 51.53289
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-35.24371 -29.76687
stochastic oscillator

108.35938 50.0
stochastic oscillator signal

108.35938 50.0
Williams %R rating

8.35938 -50.0
awesome oscillator

0.07217 0.0398

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Crinetics Pharmaceuticals, Inc. and Otonomy, Inc..

Daily return -23.00562 -16.98961
Daily log return -1.2598 4.13852
Cumulative return -1.25189 4.22535

So there you have it: our deep, grueling analysis comparing Crinetics Pharmaceuticals, Inc. and Otonomy, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Crinetics Pharmaceuticals, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether CRNX is strong or weak. Again – this is not a reliable indication of whether Crinetics Pharmaceuticals, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Otonomy, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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