CODA OCTOPUS GROUP INC (CODA) Technical Analysis
NASDAQ:CODA • US19188U2069
Current stock price
CODA Technical Rating and Analysis
Overall CODA gets a technical rating of 6 out of 10. In the last year, CODA was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month CODA has a been trading in the 11.24 - 17.28 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, CODA did better than 93% of all other stocks. We also observe that the gains produced by CODA over the past year are nicely spread over this period.
- CODA is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. CODA outperforms 81% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- CODA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CODA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CODA Weekly and Daily overview Charts
CODA Setup Rating and Analysis
CODA has an average technical rating and also the quality of the setup is only medium 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
CODA Support and Resistance Analysis
5.92
3 important support areas can be observed.
- A support zone ranging from 11.38 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.26 to 9.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.98 from a horizontal line in the weekly time frame.
CODA 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 CODA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CODA is down. |
| ChartMill Relative Strength | 93.33 | POSITIVE | CODA has a high relative strength, it outperformed 93.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CODA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CODA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CODA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.48 | NEUTRAL | The RSI value for CODA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests CODA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.88 | OVERSOLD | The low Stochastics value suggests CODA may be oversold. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for CODA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for CODA suggests a possible start of a new trend. |
CODA Chart- and CandleStick Pattern Analysis
CODA Technicals: Chart, Performance Metrics, Trend & Indicators
11.39
-0.16 (-1.39%)
CODA OCTOPUS GROUP INC / CODA TA FAQ
What is the technical rating for CODA stock?
ChartMill assigns a technical rating of 6 / 10 to CODA.
What is the trend direction for CODA stock?
The current trend direction for CODA OCTOPUS GROUP INC (CODA) is Bullish.
What is the RSI signal for CODA OCTOPUS GROUP INC (CODA) stock?
CODA OCTOPUS GROUP INC (CODA) has an RSI value of 37.4798. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CODA OCTOPUS GROUP INC?
The MACD indicator for CODA OCTOPUS GROUP INC (CODA) has a value of -0.379989, indicating a bearish trend.
What are the support and resistance levels for CODA OCTOPUS GROUP INC (CODA) stock?
CODA OCTOPUS GROUP INC (CODA) has a support level at 11.38. Check the full technical report for our detailed analysis of CODA support and resistance levels.