CDLX Technical Analysis - CARDLYTICS INC

Technical Rating and Analysis

Taking everything into account, CDLX scores 7 out of 10 in our technical rating. CDLX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month CDLX has a been trading in the 0.85 - 3.28 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.

CDLX has an average volume of 5087760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, CDLX turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.

CDLX is an average performer in the Media industry, it outperforms 63% of 99 stocks in the same industry.

CDLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDLX is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CARDLYTICS INC / CDLX Weekly stock chart

Setup Rating and Analysis

Although CDLX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.41

2.90

We can see 3 important resistance areas.

Resistance @2.46 from a horizontal line in the weekly time frame.
Resistance @2.76 from a horizontal line in the daily time frame.
Resistance @2.87 from a trend line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for CDLX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CDLX is up.
ChartMill Relative Strength	44.61	NEUTRAL	CDLX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CDLX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CDLX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CDLX is above a declining SMA(200).
Relative Strength Index/RSI (14)	70.21	OVERBOUGHT	The high RSI value suggests CDLX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.2	POSITIVE	The MACD value suggests CDLX has a positive trend.
Stochastics (14,3)	75.98	NEUTRAL	The Stochastics value for CDLX is a neutral value.
Average True Range in percent/ATR (20)	9.95	HIGH VOLATILITY	The high ATR as a percentage value for CDLX suggests high volalility.
Average Directional Index/ADX (14)	33.94	POSITIVE	The high ADX value value for CDLX suggests a strong trend.