CARDIO DIAGNOSTICS HOLDINGS (CDIO) Stock Technical Analysis
NASDAQ:CDIO • US14159C2026
Overall CDIO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CDIO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CDIO is a bad performer in the overall market: 91% of all stocks are doing better.
- CDIO is one of the lesser performing stocks in the Biotechnology industry. 72% of 521 stocks in the same industry do better.
- CDIO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CDIO has a been trading in the 0.97 - 3.48 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CDIO has an average volume of 3625080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CDIO is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.85
When analyzing the resistance we notice 3 important areas.
- Resistance @3.10 from a trend line in the daily time frame.
- Resistance @4.05 from a trend line in the daily time frame.
- Resistance @4.62 from a horizontal line in the daily 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 CDIO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDIO is up. |
| ChartMill Relative Strength | 9.37 | NEGATIVE | CDIO has a low relative strength, it was outperformed by 90.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CDIO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.84 | OVERBOUGHT | The high RSI value suggests CDIO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CDIO has a positive trend. |
| Stochastics (14,3) | 68.45 | NEUTRAL | The Stochastics value for CDIO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.54 | HIGH VOLATILITY | The high ATR as a percentage value for CDIO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.09 | POSITIVE | The high ADX value value for CDIO suggests a strong trend. |
2.88
+0.64 (+28.57%)
CARDIO DIAGNOSTICS HOLDINGS / CDIO FAQ
What is the technical rating for CDIO stock?
ChartMill assigns a technical rating of 2 / 10 to CDIO.
What is the trend direction for CDIO stock?
The current trend direction for CARDIO DIAGNOSTICS HOLDINGS (CDIO) is Bearish.
What is the RSI signal for CARDIO DIAGNOSTICS HOLDINGS (CDIO) stock?
CARDIO DIAGNOSTICS HOLDINGS (CDIO) has an RSI value of 70.842. This indicates that the stock is currently overbought.
What is the MACD signal for CARDIO DIAGNOSTICS HOLDINGS (CDIO) stock?
The MACD indicator for CARDIO DIAGNOSTICS HOLDINGS (CDIO) has a value of 0.198394, indicating a bearish trend.
What is the buy/sell signal for CDIO stock?
The buy/sell signal for CARDIO DIAGNOSTICS HOLDINGS (CDIO) is hold as the short term and long term trends are mixed.