CODEXIS INC (CDXS) Stock Technical Analysis
NASDAQ:CDXS • US1920051067
Taking everything into account, CDXS scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than CDXS.
- CDXS is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, of which 87% are performing better than CDXS.
- CDXS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CDXS has a been trading in the 0.97 - 1.48 range, which is quite wide. It is currently trading near the lows of this range.
- CDXS has an average volume of 1131390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of CDXS 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
1.01
4 important resistance areas can be observed.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.50 from a trend line in the weekly time frame.
- Resistance @1.75 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 CDXS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CDXS is down. |
| ChartMill Relative Strength | 4.46 | NEGATIVE | CDXS has a low relative strength, it was outperformed by 95.54% 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) | 30.98 | NEUTRAL | The RSI value for CDXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CDXS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.73 | OVERSOLD | The low Stochastics value suggests CDXS may be oversold. |
| Average True Range in percent/ATR (20) | 10.4 | HIGH VOLATILITY | The high ATR as a percentage value for CDXS suggests high volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for CDXS suggests a strong trend. |
1.02
+0.01 (+0.99%)
CODEXIS INC / CDXS FAQ
Can you provide the ChartMill technical rating for CODEXIS INC?
ChartMill assigns a technical rating of 0 / 10 to CDXS.
What is the trend direction for CDXS stock?
The current trend direction for CODEXIS INC (CDXS) is Bearish.
Can you provide the RSI signal for CODEXIS INC?
CODEXIS INC (CDXS) has an RSI value of 30.9793. This indicates that the stock is currently neutral.
What is the MACD signal for CDXS stock?
The MACD indicator for CODEXIS INC (CDXS) has a value of -0.00403611, indicating a bearish trend.
What is the short term momentum for CDXS stock?
The short term momentum for CODEXIS INC (CDXS) is negative.