CAREDX INC (CDNA) Stock Technical Analysis
NASDAQ:CDNA - Nasdaq - US14167L1035 - Common Stock - Currency: USD
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.
94% of all other stocks performed better in the past year than CDNA.
CDNA is one of the lesser performing stocks in the Biotechnology industry. 68% of 556 stocks in the same industry do better.
CDNA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CDNA has a been trading in the 10.96 - 20.91 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CDNA has an average volume of 1575950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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
11.68
20.46
We found 1 important support area.
- A support zone ranging from 11.80 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @20.26 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 | DOWN | NEGATIVE | The short term trend for CDNA is down. |
| ChartMill Relative Strength | 6.15 | NEGATIVE | CDNA has a low relative strength, it was outperformed by 93.85% 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 | NEGATIVE | The current price of CDNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.84 | NEUTRAL | The RSI value for CDNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests CDNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.13 | NEUTRAL | The Stochastics value for CDNA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.59 | HIGH VOLATILITY | The high ATR as a percentage value for CDNA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.63 | POSITIVE | The high ADX value value for CDNA suggests a strong 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)
13.12
+0.1 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.77%
1 Week-31.67%
2 Weeks-35.31%
1 Month-30.51%
3 Month-29%
6 Month-41.27%
12 Month-30.98%
2 Year20.26%
3 Year-44.85%
5 Year-60.66%
10 Year100.61%
15 YearN/A
Volatility
ATR(14)1.44
ATR(20)%9.59%
ATR Inc-65.22%
Range Today0.63
ADR(20)1.19
ADR(20)%9.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.15
Mansfield-4.57
10 Day High20.8
10 Day Low10.96
20 Day High20.91
20 Day Low10.96
52 Week High34.84
52 Week Low10.96
CS1 End11.91
CR1 Start20.26
Volume & EV
DER(3)0.95%
DER(5)-0.89%
Volume1.43M
Volume Incr524.81%
Vol(5)5.93M
Vol(50)1.58M