CAREDX INC (CDNA) Technical Analysis
NASDAQ:CDNA • US14167L1035
Current stock price
CDNA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CDNA. CDNA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, CDNA is a bad performer in the overall market: 80% of all stocks are doing better.
- In the last month CDNA has a been trading in the 16.27 - 20.29 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- CDNA is part of the Biotechnology industry. There are 519 other stocks in this industry, CDNA did better than 40% of them.
- CDNA is currently trading in the middle 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 slightly.
CDNA Weekly and Daily overview Charts
CDNA Setup Rating and Analysis
The technical rating of CDNA is bad and it also does not present a quality setup 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
CDNA Support and Resistance Analysis
13.59
We found 3 important support areas.
- Support @17.00 from a horizontal line in the weekly time frame.
- Support @16.45 from a horizontal line in the daily time frame.
- Support @13.73 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.47 to 18.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.06 to 19.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.56 to 20.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
CDNA 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 CDNA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CDNA is down. |
| ChartMill Relative Strength | 20.94 | NEGATIVE | CDNA has a low relative strength, it was outperformed by 79.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDNA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CDNA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.13 | NEUTRAL | The RSI value for CDNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CDNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.17 | OVERSOLD | The low Stochastics value suggests CDNA may be oversold. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for CDNA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for CDNA suggests a strong trend. |
CDNA Chart- and CandleStick Pattern Analysis
CDNA Technicals: Chart, Performance Metrics, Trend & Indicators
17.01
+0.56 (+3.4%)
CAREDX INC / CDNA TA FAQ
What is the ChartMill technical rating of CAREDX INC (CDNA) stock?
ChartMill assigns a technical rating of 0 / 10 to CDNA.
What is the current trend direction of CAREDX INC (CDNA) stock?
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 37.1322. This indicates that the stock is currently neutral.
What is the short term momentum for CAREDX INC (CDNA) stock?
The short term momentum for CAREDX INC (CDNA) is negative.
What is the support and resistance level for CDNA stock?
CAREDX INC (CDNA) has a support level at 17 and a resistance level at 18.47. Check the full technical report for our detailed analysis of CDNA support and resistance levels.