CONDUIT PHARMACEUTICALS INC (CDT) Stock Technical Analysis
NASDAQ:CDT - Nasdaq - US20678X2053 - Common Stock - Currency: USD
Overall CDT gets a technical rating of 0 out of 10. CDT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CDT is a bad performer in the overall market: 100% of all stocks are doing better.
CDT is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 96% are performing better than CDT.
CDT 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 CDT has a been trading in the 2.21 - 3.05 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.
Although the technical rating is bad, CDT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.27
2.72
We found 1 important support area.
- A support zone ranging from 2.29 to 2.29. 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 @2.69 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 CDT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CDT is down. |
| ChartMill Relative Strength | 0.16 | NEGATIVE | CDT has a low relative strength, it was outperformed by 99.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.44 | NEUTRAL | The RSI value for CDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CDT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.84 | OVERSOLD | The low Stochastics value suggests CDT may be oversold. |
| Average True Range in percent/ATR (20) | 10.14 | HIGH VOLATILITY | The high ATR as a percentage value for CDT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.16 | NEUTRAL | The ADX value for CDT 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)
2.36
-0.05 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-2.07%
1 Week-19.18%
2 Weeks-5.98%
1 Month-6.72%
3 Month-82.71%
6 Month-98.72%
12 Month-99.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%10.14%
ATR Inc-49.23%
Range Today0.07
ADR(20)0.22
ADR(20)%9.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.16
Mansfield-9.79
10 Day High3.05
10 Day Low2.26
20 Day High3.05
20 Day Low2.21
52 Week High622.5
52 Week Low2.21
CS1 End2.29
CR1 Start2.69
Volume & EV
DER(3)-13.98%
DER(5)-9.78%
Volume125.50K
Volume Incr69.67%
Vol(5)636.72K
Vol(50)605.60K