Scholar Rock Holding Corporation ($SRRK) And NanoString Technologies, Inc. ($NSTG) Square Off

2019-08-16 | Welcome! Today we compared how two different stocks in the Biotechnology: Biological Products (No Diagnostic Substances) industry are trading: Scholar Rock Holding Corporation and NanoString Technologies, 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, Scholar Rock Holding Corporation opened at 10.7, got to a maximum price of 10.725 and dropped to as low as 9.82 before finishing the session at 10.4. In total there were 210500 shares traded, which is enough to conduct our analysis. Compare that now to NanoString Technologies, Inc., which opened at 26.4, had a high of 27.06, a low of 26.05, closed at 26.58 and had a total volume of 328500.

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 Scholar Rock Holding Corporation NanoString Technologies, Inc.
Accumulation-distribution index 781.09392 100.02787
on-balance volume -10.71 -26.52
chaikin money flow

71.4 2.06061
force index

-0.0168 -0.0912
ease of movement rating

-0.03011 0.0451
volume-price trend

-3.99839 -0.49657
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 Scholar Rock Holding Corporation NanoString Technologies, Inc.
Average true range 0.7669 0.76982
Bolinger bands 10.29539 27.45789
Upper bollinger band 8.82461 23.10211
Lower bollinger band

9.82 26.05
Bollinger high band indicator

1.0 nan
Bollinger high low indicator

1.0 1.0
Central keltner channel

10.415 26.50333
High band keltner channel

10.39 25.84333
Low band keltner channel

10.44 27.16333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

9.82 26.05
Donchain channel low band

9.82 26.05
Donchain channel high band indicator

1.0 nan
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 Scholar Rock Holding Corporation NanoString Technologies, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.03455
MACD signal -0.00648 -0.0192
MACD difference -0.00519 -0.01536
fast Exponential Moving Average (EMA) indicator

9.82 26.05
slow Exponential Moving Average (EMA) indicator

9.82 26.05
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

0.11117 0.17157
trix

-32.28604 -2.79304
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

6.31797 0.48271
KST Oscillator (KST)

-391.49708 -18.19294
KST Oscillator (KST Signal)

-391.49708 -18.19294
KST difference

-8.05554 -14.51039
Ichimoku rating

10.7125 26.73
Ichimoku B rating

10.7125 26.73
Ichimoku visual trend A

16.40611 27.69243
Ichimoku visual trend B

15.24781 28.2825
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 Scholar Rock Holding Corporation NanoString Technologies, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 32.6523 33.08087
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-16.71911 50.0
stochastic oscillator

3620.0 153.0303
stochastic oscillator signal

3620.0 153.0303
Williams %R rating

3520.0 53.0303
awesome oscillator

0.0445 -0.16785

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Scholar Rock Holding Corporation and NanoString Technologies, Inc..

Daily return -39.14971 -1.81929
Daily log return -5.44067 -6.09366
Cumulative return -5.29532 -5.91171

So there you have it: our deep, grueling analysis comparing Scholar Rock Holding Corporation and NanoString Technologies, 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 Scholar Rock Holding Corporation:

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 SRRK is strong or weak. Again – this is not a reliable indication of whether Scholar Rock Holding Corporation 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 NanoString Technologies, 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

Leave a Reply

Your email address will not be published. Required fields are marked *