Chemocentryx Inc (NSQ:CCXI) cover image
51 Reads (2 mins read)

After a strong run, what's next for investors in Chemocentryx Inc?

22nd May by Ben Hobson

If you've ever found yourself feeling increasingly drawn to a stock that's constantly rising in price, you are not alone... 

Since the dawn of the stock market, speculators have been captured by the tendency of prices to 'trend'. 

When prices move in one direction the allure of not missing out in an uptrend or of throwing in the towel in a downtrend is often too great to resist. As a result, prices can continue to trend beyond fair value in either direction.

With that in mind, shares in Chemocentryx Inc (NSQ:CCXI) have been in an uptrend in recent months, and the question now for investors is whether that price strength will continue.

Knowing what drives relative strength in share prices can help you find profitable momentum trades...

GET MORE DATA-DRIVEN INSIGHTS INTO NSQ:CCXI »

How has the Chemocentryx Inc (NSQ:CCXI) share price performed?

Chemocentryx Inc operates in the Pharmaceuticals industry and in terms of relative price strength the stock has performed well against the market over the past year:

  • 1 Month: 16.3%
  • 6 Months: 693.3%
  • 12 Months: 381.6%

Relative strength is a useful tool in the armoury of technical traders and investors. It’s an instant measure of how a stock has performed in comparison with a benchmark.

And while there are no certainties about which way a stock will move next, research shows that price trends like this often persist.

Studies by leading experts on momentum show that stocks with the strongest price strength tend to keep up the pace for anywhere up to one year as investors increasingly buy in to them.

Next steps

Chemocentryx Inc is currently among the stocks with the strongest six-month and one-year relative price strength in the market. A look at its StockReport could offer more insight into what’s driving the momentum in its share price - and whether that might continue.

To find more stocks like Chemocentryx Inc, you'll need to equip yourself with professional-grade data and screening tools. This kind of information has traditionally been closely guarded by professional fund managers. But our team of financial analysts have carefully constructed this screen - Stockopedia’s Price Momentum - which gives you everything you need. So why not come and take a look?

Share this article
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
Share Price
$60.58
Change Today
-2.21%
Chemocentryx Inc ( )

Stockopedia is here to help individual investors beat the markets by being the very best in stock analysis, research & community. Take a 30 day free trial of our extensive multi-award winning service and find out why more than ten thousand global investors can't live without it.

© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.