CAREDX INC (CDNA) Stock Technical Analysis
USA - NASDAQ:CDNA - US14167L1035 - Common Stock
Taking everything into account, CDNA scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CDNA was also a bad performer in the overall market in the last year.
CDNA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.53. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CDNA 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
12.47
3 important support areas can be observed.
- Support @15.47 from a trend line in the weekly time frame.
- A support zone ranging from 14.27 to 14.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.60 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.53 to 16.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.10 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CDNA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDNA is neutral. |
| ChartMill Relative Strength | 36.37 | NEUTRAL | CDNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.82 | NEUTRAL | The RSI value for CDNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CDNA has a positive trend. |
| Stochastics (14,3) | 65.76 | NEUTRAL | The Stochastics value for CDNA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for CDNA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.41 | NEGATIVE | The low ADX value for CDNA suggests a weak or negative trend. |
15.62
+0.61 (+4.06%)
CAREDX INC / CDNA FAQ
What is the ChartMill technical rating of CAREDX INC (CDNA) stock?
ChartMill assigns a technical rating of 4 / 10 to CDNA.
Can you provide the trend direction for CAREDX INC?
The current trend direction for CAREDX INC (CDNA) is Bearish.
What is the RSI signal for CDNA stock?
CAREDX INC (CDNA) has an RSI value of 55.8153. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CAREDX INC?
CAREDX INC (CDNA) has a support level at 15.47 and a resistance level at 16.53. Check the full technical report for our detailed analysis of CDNA support and resistance levels.