CODEXIS INC (CDXS) Stock Technical Analysis
USA - NASDAQ:CDXS - US1920051067 - Common Stock
2.46 USD
+0.06 (+2.5%)
2.46 USD
0 (0%)
We assign a technical rating of 0 out of 10 to CDXS. CDXS'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
84% of all other stocks performed better in the past year than CDXS.
CDXS 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 CDXS has a been trading in the 2.29 - 2.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
CDXS is an average performer in the Life Sciences Tools & Services industry, it outperforms 52% of 56 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CDXS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.46, a Stop Loss order could be placed below this zone.
More info and screens
2.08
2.74
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.45 to 2.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.34 to 2.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.53 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.62 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.70 to 2.71. This zone is formed by a combination of multiple trend lines and important moving averages 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 CDXS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CDXS is down. |
| ChartMill Relative Strength | 16.89 | NEGATIVE | CDXS has a low relative strength, it was outperformed by 83.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDXS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDXS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDXS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.12 | NEUTRAL | The RSI value for CDXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CDXS has a positive trend. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for CDXS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CDXS suggests some volalility. |
| Average Directional Index/ADX (14) | 8.76 | NEGATIVE | The low ADX value for CDXS 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)
2.46
+0.06 (+2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.5%
1 Week0.41%
2 Weeks1.23%
1 Month-9.56%
3 Month2.93%
6 Month-12.46%
12 Month-23.84%
2 Year30.16%
3 Year-59.41%
5 Year-79.05%
10 Year-27.43%
15 Year-74.37%
Volatility
ATR(14)0.1
ATR(20)%4.69%
ATR Inc18.25%
Range Today0.11
ADR(20)0.12
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.89
Mansfield-3.23
10 Day High2.58
10 Day Low2.34
20 Day High2.76
20 Day Low2.29
52 Week High6.08
52 Week Low1.9
CS1 End2.46
CR1 Start2.53
Volume & EV
DER(3)-5.55%
DER(5)-3.53%
Volume707.40K
Volume Incr-41.46%
Vol(5)552.72K
Vol(50)986.65K