CODERE ONLINE LUXEMBOURG SA (CDRO) Stock Technical Analysis
NASDAQ:CDRO - Nasdaq - LU2405144788 - Common Stock - Currency: USD
Overall CDRO gets a technical rating of 8 out of 10. Although CDRO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month CDRO has a been trading in the 6.73 - 7.91 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, CDRO outperforms 53% of them, which is more or less in line with the market.
CDRO is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 54% of 134 stocks in the same industry.
CDRO 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 CDRO is lagging the market slightly.
Although CDRO has an excellent technical rating, the quality of the presented setup is not ideal 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
6.01
8.61
We found 6 important support areas.
- A support zone ranging from 7.41 to 7.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.23 to 7.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.08 from a horizontal line in the daily time frame.
- Support @6.92 from a trend line in the weekly time frame.
- Support @6.32 from a horizontal line in the weekly time frame.
- Support @6.07 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.22 to 8.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.50 to 8.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CDRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDRO is up. |
| ChartMill Relative Strength | 53.43 | NEUTRAL | CDRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.8 | NEUTRAL | The RSI value for CDRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CDRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.07 | OVERBOUGHT | The high Stochastics value suggests CDRO may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for CDRO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for CDRO 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)
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 |
|---|---|---|---|
| 8.30 | 7.40 | 0.90 (10.84%) | 9.22% |
| An entry @8.30. This is a Buy Stop order right above the resistance zone. | An exit @7.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.90 points, which is 10.84%. | For a 1.00% total portfolio risk, you can invest 9.22% of your capital in this trade. |
- 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.
7.79
-0.06 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.76%
1 Week4.01%
2 Weeks8.34%
1 Month1.96%
3 Month5.7%
6 Month7.45%
12 Month0%
2 Year116.39%
3 Year177.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%3.92%
ATR Inc-33.2%
Range Today0.15
ADR(20)0.3
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.43
Mansfield-0.12
10 Day High7.91
10 Day Low7.02
20 Day High7.91
20 Day Low6.73
52 Week High8.76
52 Week Low5.75
CS1 End7.58
CR1 Start8.22
Volume & EV
DER(3)15.5%
DER(5)7.35%
Volume17.70K
Volume Incr-22.66%
Vol(5)32.40K
Vol(50)33.22K