CAREDX INC (CDNA) Stock Technical Analysis
NASDAQ:CDNA - Nasdaq - US14167L1035 - Common Stock - Currency: USD
Taking everything into account, CDNA scores 7 out of 10 in our technical rating. Although CDNA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CDNA is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 558 stocks in the same industry.
CDNA has an average volume of 1155980 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 83% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month CDNA has a been trading in the 16.22 - 20.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CDNA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.79, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.82
23.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.36 to 18.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.56 from a horizontal line in the daily time frame.
- Support @15.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.32 to 19.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.08 from a horizontal line in the daily time frame.
- Resistance @23.53 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 | NEUTRAL | NEUTRAL | The long term trend for CDNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDNA is up. |
| ChartMill Relative Strength | 83.7 | POSITIVE | CDNA has a high relative strength, it outperformed 83.7% 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) | 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) | 55.63 | NEUTRAL | The RSI value for CDNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CDNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.88 | NEUTRAL | The Stochastics value for CDNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CDNA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.19 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.66 | 18.35 | 1.31 (6.66%) | 15.01% |
| An entry @19.66. This is a Buy Stop order right above the resistance zone. | An exit @18.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.31 points, which is 6.66%. | For a 1.00% total portfolio risk, you can invest 15.01% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CDNA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.04
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.05%
1 Week1.12%
2 Weeks1.49%
1 Month11.67%
3 Month-1.45%
6 Month-7.62%
12 Month35.42%
2 Year124%
3 Year-11.36%
5 Year-46.26%
10 Year192.92%
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%4.54%
ATR Inc-16.3%
Range Today0.48
ADR(20)0.79
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.7
Mansfield-1.67
10 Day High20.39
10 Day Low18.36
20 Day High20.39
20 Day Low16.22
52 Week High34.84
52 Week Low13.81
CS1 End18.79
CR1 Start19.32
Volume & EV
DER(3)2.65%
DER(5)2.02%
Volume1.72M
Volume Incr-13.57%
Vol(5)1.04M
Vol(50)1.16M