CODIAK BIOSCIENCES INC (CDAK) Technical Analysis
NASDAQ:CDAK • US1920101060
Current stock price
CDAK Technical Rating and Analysis
Overall CDAK gets a technical rating of 0 out of 10. CDAK'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than CDAK.
- CDAK is one of the lesser performing stocks in the Biotechnology industry. 93% of 516 stocks in the same industry do better.
- CDAK is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CDAK has a been trading in the 0.05 - 0.62 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- CDAK has an average volume of 1689790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CDAK Weekly and Daily overview Charts
CDAK Setup Rating and Analysis
The technical rating of CDAK 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
CDAK Support and Resistance Analysis
CDAK Technical Indicator Signal Analysis
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 CDAK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CDAK is down. |
| ChartMill Relative Strength | 0.14 | NEGATIVE | CDAK has a low relative strength, it was outperformed by 99.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDAK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDAK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.61 | OVERSOLD | The low RSI value suggests CDAK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CDAK has a negative trend. |
| Stochastics (14,3) | 3.77 | OVERSOLD | The low Stochastics value suggests CDAK may be oversold. |
| Average True Range in percent/ATR (20) | 133.25 | HIGH VOLATILITY | The high ATR as a percentage value for CDAK suggests high volalility. |
| Average Directional Index/ADX (14) | 34.61 | POSITIVE | The high ADX value value for CDAK suggests a strong trend. |
CDAK Chart- and CandleStick Pattern Analysis
CDAK Technicals: Chart, Performance Metrics, Trend & Indicators
0.057
-0.07 (-55.98%)
CODIAK BIOSCIENCES INC / CDAK TA FAQ
What is the ChartMill technical rating of CODIAK BIOSCIENCES INC (CDAK) stock?
ChartMill assigns a technical rating of 0 / 10 to CDAK.
What is the trend direction for CDAK stock?
The current trend direction for CODIAK BIOSCIENCES INC (CDAK) is Bearish.
What is the RSI signal for CDAK stock?
CODIAK BIOSCIENCES INC (CDAK) has an RSI value of 21.6142. This indicates that the stock is currently oversold.
What is the short term momentum for CDAK stock?
The short term momentum for CODIAK BIOSCIENCES INC (CDAK) is negative.
Can you provide the buy/sell signal for CODIAK BIOSCIENCES INC?
The buy/sell signal for CODIAK BIOSCIENCES INC (CDAK) is sell as both the short term and long term trends are negative.