CANDEL THERAPEUTICS INC (CADL) Stock Technical Analysis
NASDAQ:CADL - Nasdaq - US1374041093 - Common Stock - Currency: USD
Taking everything into account, CADL scores 1 out of 10 in our technical rating. CADL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CADL is a bad performer in the overall market: 92% of all stocks are doing better.
CADL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CADL is lagging the market.
CADL has an average volume of 1045730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CADL is part of the Biotechnology industry. There are 560 other stocks in this industry, CADL did better than 40% of them.
In the last month CADL has a been trading in the 4.34 - 6.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CADL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.39
11.62
When analyzing the support we can see 3 important areas.
- Support @4.88 from a trend line in the weekly time frame.
- Support @4.61 from a trend line in the daily time frame.
- Support @4.43 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.46 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.95 from a horizontal line in the daily time frame.
- Resistance @11.50 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CADL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CADL is neutral. |
| ChartMill Relative Strength | 8.24 | NEGATIVE | CADL has a low relative strength, it was outperformed by 91.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CADL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CADL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CADL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.26 | NEUTRAL | The RSI value for CADL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CADL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for CADL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for CADL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for CADL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.45
-0.4 (-6.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.84%
1 Week0.55%
2 Weeks6.65%
1 Month11.45%
3 Month-39.28%
6 Month15.83%
12 Month-38.76%
2 Year260.93%
3 Year44.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%7.71%
ATR Inc10.06%
Range Today0.43
ADR(20)0.41
ADR(20)%7.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.24
Mansfield-1.88
10 Day High6.29
10 Day Low5.09
20 Day High6.29
20 Day Low4.34
52 Week High14.6
52 Week Low3.79
CS1 End4.88
CR1 Start5.46
Volume & EV
DER(3)-0.38%
DER(5)2.29%
Volume1.10M
Volume Incr20.6%
Vol(5)1.09M
Vol(50)1.05M