CARDIO DIAGNOSTICS HOLDINGS (CDIO) Stock Technical Analysis
NASDAQ:CDIO - Nasdaq - US14159C1036 - Common Stock - Currency: USD
Overall CDIO gets a technical rating of 0 out of 10. CDIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CDIO is a bad performer in the overall market: 99% of all stocks are doing better.
CDIO is one of the lesser performing stocks in the Biotechnology industry. 88% of 557 stocks in the same industry do better.
CDIO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CDIO is lagging the market.
In the last month CDIO has a been trading in the 3.65 - 5.20 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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CDIO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CDIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.67
4.77
2 important resistance areas can be observed.
- A resistance zone ranging from 3.72 to 3.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.72 from a trend 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 CDIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CDIO is down. |
| ChartMill Relative Strength | 1.01 | NEGATIVE | CDIO has a low relative strength, it was outperformed by 98.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDIO is below 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) | 35.25 | NEUTRAL | The RSI value for CDIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CDIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 7.96 | OVERSOLD | The low Stochastics value suggests CDIO may be oversold. |
| Average True Range in percent/ATR (20) | 10.41 | HIGH VOLATILITY | The high ATR as a percentage value for CDIO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.99 | POSITIVE | The high ADX value value for CDIO suggests a strong 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)
3.71
-0.18 (-4.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.63%
1 Week-6.08%
2 Weeks-17.92%
1 Month-14.32%
3 Month-72.52%
6 Month-87.3%
12 Month-79.39%
2 Year-89.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%10.41%
ATR Inc-54.23%
Range Today0.2
ADR(20)0.38
ADR(20)%10.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.01
Mansfield-7.15
10 Day High5
10 Day Low3.65
20 Day High5.2
20 Day Low3.65
52 Week High53.1
52 Week Low3.4
CS1 EndN/A
CR1 Start3.72
Volume & EV
DER(3)1.57%
DER(5)4.99%
Volume25.30K
Volume Incr-56.3%
Vol(5)35.64K
Vol(50)643.92K