CAREDX INC (CDNA) Stock Technical Analysis
NASDAQ:CDNA - Nasdaq - US14167L1035 - Common Stock - Currency: USD
Taking everything into account, CDNA scores 1 out of 10 in our technical rating. CDNA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CDNA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CDNA is lagging the market.
CDNA is part of the Biotechnology industry. There are 560 other stocks in this industry. CDNA outperforms 83% of them.
In the last month CDNA has a been trading in the 14.09 - 18.02 range, which is quite wide. It is currently trading near the high of this range.
CDNA has an average volume of 1027640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CDNA is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CDNA has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.85
23.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.44 to 17.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.95 to 17.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.56 from a trend line in the weekly time frame.
- Support @15.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @18.56 from a trend line in the daily time frame.
- Resistance @19.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 19.60 to 19.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.69 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 CDNA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDNA is neutral. |
| ChartMill Relative Strength | 74.3 | POSITIVE | CDNA has a high relative strength, it outperformed 74.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CDNA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CDNA is above a declining 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) | 54.37 | NEUTRAL | The RSI value for CDNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests CDNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.05 | OVERBOUGHT | The high Stochastics value suggests CDNA may be overbought. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for CDNA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.81 | NEGATIVE | The low ADX value for CDNA suggests a weak or negative 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)
17.56
-0.07 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.4%
1 Week-1.01%
2 Weeks8.87%
1 Month-3.14%
3 Month-20.72%
6 Month-28.44%
12 Month34.97%
2 Year120.05%
3 Year-30.18%
5 Year-45.33%
10 Year264.32%
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%5.37%
ATR Inc-12.97%
Range Today0.4
ADR(20)0.89
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.3
Mansfield-2.18
10 Day High18.02
10 Day Low15.68
20 Day High18.02
20 Day Low14.09
52 Week High34.84
52 Week Low13.07
CS1 End17.49
CR1 Start18.56
Volume & EV
DER(3)-0.78%
DER(5)-0.25%
Volume844.70K
Volume Incr-27.68%
Vol(5)1.08M
Vol(50)1.03M