CODEXIS INC (CDXS) Technical Analysis
NASDAQ:CDXS • US1920051067
Current stock price
CDXS Technical Rating and Analysis
Taking everything into account, CDXS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CDXS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- CDXS is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry. CDXS outperforms 89% of them.
- In the last month CDXS has a been trading in the 1.50 - 2.75 range, which is quite wide. It is currently trading near the high of this range.
- CDXS has an average volume of 2619830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CDXS did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- CDXS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDXS is lagging the market.
- Considerably lower volume is observed in the last couple of days.
CDXS Weekly and Daily overview Charts
CDXS Setup Rating and Analysis
Although CDXS has an excellent technical rating, it does not present a decent entry opportunity 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
CDXS Support and Resistance Analysis
1.95
2 important support areas can be observed.
- Support @2.40 from a horizontal line in the daily time frame.
- Support @1.97 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.60 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
CDXS Technical Indicator Signal Analysis
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 CDXS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDXS is up. |
| ChartMill Relative Strength | 82.13 | POSITIVE | CDXS has a high relative strength, it outperformed 82.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDXS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDXS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CDXS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.93 | NEUTRAL | The RSI value for CDXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CDXS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.44 | NEUTRAL | The Stochastics value for CDXS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for CDXS suggests high volalility. |
| Average Directional Index/ADX (14) | 47.23 | POSITIVE | The high ADX value value for CDXS suggests a strong trend. |
CDXS Chart- and CandleStick Pattern Analysis
CDXS Technicals: Chart, Performance Metrics, Trend & Indicators
2.47
+0.06 (+2.49%)
CODEXIS INC / CDXS TA FAQ
Can you provide the ChartMill technical rating for CODEXIS INC?
ChartMill assigns a technical rating of 9 / 10 to CDXS.
Can you provide the trend direction for CODEXIS INC?
The current trend direction for CODEXIS INC (CDXS) is Bullish.
What is the RSI signal for CDXS stock?
CODEXIS INC (CDXS) has an RSI value of 66.925. This indicates that the stock is currently neutral.
What is the buy/sell signal for CDXS stock?
The buy/sell signal for CODEXIS INC (CDXS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CODEXIS INC?
CODEXIS INC (CDXS) has a support level at 2.4 and a resistance level at 2.6. Check the full technical report for our detailed analysis of CDXS support and resistance levels.