CADIZ INC (CDZI) Stock Technical Analysis
NASDAQ:CDZI - Nasdaq - US1275372076 - Common Stock - Currency: USD
Overall CDZI gets a technical rating of 4 out of 10. CDZI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CDZI 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.
CDZI is part of the Water Utilities industry. There are 14 other stocks in this industry. CDZI outperforms 76% of them.
In the last month CDZI has a been trading in the 2.75 - 3.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, CDZI outperforms 43% of them, which is more or less in line with the market.
Although the technical rating is only medium, CDZI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CDZI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.42
3.29
4 important support areas can be observed.
- A support zone ranging from 2.97 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.71 from a horizontal line in the weekly time frame.
- Support @2.64 from a horizontal line in the daily time frame.
- Support @2.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.03 to 3.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.18 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.26 from a horizontal 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 CDZI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDZI is neutral. |
| ChartMill Relative Strength | 43.2 | NEUTRAL | CDZI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CDZI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDZI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDZI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.81 | NEUTRAL | The RSI value for CDZI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CDZI has a negative trend. |
| Stochastics (14,3) | 28.57 | NEUTRAL | The Stochastics value for CDZI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CDZI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.94 | NEGATIVE | The low ADX value for CDZI 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)
3
-0.07 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-2.28%
1 Week-5.36%
2 Weeks-4.46%
1 Month4.17%
3 Month25%
6 Month-41.41%
12 Month-15.97%
2 Year-27.54%
3 Year-20.84%
5 Year-71.75%
10 Year-63.41%
15 Year-77.26%
Volatility
ATR(14)0.15
ATR(20)%4.83%
ATR Inc-32.31%
Range Today0.12
ADR(20)0.14
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.2
Mansfield-2.13
10 Day High3.21
10 Day Low2.93
20 Day High3.28
20 Day Low2.75
52 Week High5.68
52 Week Low2.13
CS1 End2.99
CR1 Start3.03
Volume & EV
DER(3)4.93%
DER(5)4.62%
Volume316.10K
Volume Incr-38.76%
Vol(5)354.86K
Vol(50)488.25K