CAREDX INC (CDNA) Stock Technical Analysis
USA - NASDAQ:CDNA - US14167L1035 - Common Stock
14.59 USD
-0.18 (-1.22%)
14.59 USD
0 (0%)
Overall CDNA gets a technical rating of 2 out of 10. 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.
96% of all other stocks performed better in the past year than CDNA.
CDNA is one of the lesser performing stocks in the Biotechnology industry. 76% of 541 stocks in the same industry do better.
CDNA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CDNA has a been trading in the 12.28 - 14.95 range, which is quite wide. It is currently trading near the high of this range.
CDNA has an average volume of 1855920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, CDNA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
11.69
18.74
5 important support areas can be observed.
- A support zone ranging from 13.90 to 14.12. 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 13.43 to 13.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.72 from a horizontal line in the daily time frame.
- Support @12.20 from a trend line in the weekly time frame.
- Support @11.81 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 14.60 to 14.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.39 from a trend line in the weekly time frame.
- Resistance @18.05 from a trend line in the weekly time frame.
- Resistance @18.55 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 | DOWN | NEGATIVE | The long term trend for CDNA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDNA is up. |
| ChartMill Relative Strength | 4.9 | NEGATIVE | CDNA has a low relative strength, it was outperformed by 95.1% off all stocks 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) | 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) | 60.91 | NEUTRAL | The RSI value for CDNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CDNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.37 | OVERBOUGHT | The high Stochastics value suggests CDNA may be overbought. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CDNA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.66 | NEUTRAL | The ADX value for CDNA suggests a possible start of a new 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)
14.59
-0.18 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.22%
1 Week7.83%
2 Weeks5.57%
1 Month16.63%
3 Month-23.37%
6 Month-24.48%
12 Month-50.76%
2 Year108.43%
3 Year-14.28%
5 Year-61.54%
10 Year249.88%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%4.47%
ATR Inc-34.64%
Range Today0.38
ADR(20)0.65
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.9
Mansfield-3.38
10 Day High14.95
10 Day Low13.12
20 Day High14.95
20 Day Low12.28
52 Week High32.97
52 Week Low10.96
CS1 End14.12
CR1 Start14.6
Volume & EV
DER(3)2.08%
DER(5)2.28%
Volume2.50M
Volume Incr7.08%
Vol(5)1.58M
Vol(50)1.86M