CARDLYTICS INC (CDLX) Stock Technical Analysis
NASDAQ:CDLX • US14161W1053
Overall CDLX gets a technical rating of 0 out of 10. CDLX 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 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, CDLX is a bad performer in the overall market: 94% of all stocks are doing better.
- CDLX is part of the Media industry. There are 91 other stocks in this industry, of which 70% are performing better than CDLX.
- CDLX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CDLX has a been trading in the 0.80 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CDLX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for CDLX 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
0.89
We found 1 important support area.
- A support zone ranging from 0.90 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @0.99 from a trend line in the daily time frame.
- Resistance @1.02 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 CDLX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDLX is neutral. |
| ChartMill Relative Strength | 6.8 | NEGATIVE | CDLX has a low relative strength, it was outperformed by 93.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDLX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.76 | NEUTRAL | The RSI value for CDLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CDLX has a positive trend. |
| Stochastics (14,3) | 45.18 | NEUTRAL | The Stochastics value for CDLX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.4 | HIGH VOLATILITY | The high ATR as a percentage value for CDLX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.2 | NEUTRAL | The ADX value for CDLX suggests a possible start of a new trend. |
0.9078
+0.02 (+2.43%)
CARDLYTICS INC / CDLX FAQ
Can you provide the ChartMill technical rating for CARDLYTICS INC?
ChartMill assigns a technical rating of 0 / 10 to CDLX.
What is the trend direction for CDLX stock?
The current trend direction for CARDLYTICS INC (CDLX) is Bearish.
What is the RSI signal for CDLX stock?
CARDLYTICS INC (CDLX) has an RSI value of 41.7599. This indicates that the stock is currently neutral.
What is the MACD signal for CARDLYTICS INC (CDLX) stock?
The MACD indicator for CARDLYTICS INC (CDLX) has a value of 0.00520302, indicating a bearish trend.
What is the support and resistance level for CDLX stock?
CARDLYTICS INC (CDLX) has a support level at 0.9 and a resistance level at 0.99. Check the full technical report for our detailed analysis of CDLX support and resistance levels.