CODA OCTOPUS GROUP INC (CODA) Stock Technical Analysis
USA - NASDAQ:CODA - US19188U2069 - Common Stock
8.68 USD
-0.04 (-0.46%)
Overall CODA gets a technical rating of 8 out of 10. Although CODA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CODA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CODA is lagging the market slightly.
In the last month CODA has a been trading in the 7.61 - 8.88 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that CODA is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CODA is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, CODA did better than 46% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, CODA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.80. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CODA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.92
8.89
We found 4 important support areas.
- A support zone ranging from 8.19 to 8.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.77 to 7.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.53 from a trend line in the daily time frame.
- A support zone ranging from 5.98 to 6.06. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.70 to 8.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for CODA is up. |
| ChartMill Relative Strength | 71.36 | POSITIVE | CODA has a high relative strength, it outperformed 71.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CODA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CODA is above the rising 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) | 60.09 | NEUTRAL | The RSI value for CODA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CODA has a positive trend. |
| Stochastics (14,3) | 64.04 | NEUTRAL | The Stochastics value for CODA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CODA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.31 | POSITIVE | The high ADX value value for CODA suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.81 | 8.69 | 0.12 (1.36%) | 25.00% |
| An entry @8.81. This is a Buy Stop order right above the resistance zone. | An exit @8.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 1.36%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CODA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CODA (10/6/2025, 11:20:04 AM)
8.68
-0.04 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.46%
1 Week8.86%
2 Weeks5.19%
1 Month9.55%
3 Month7.52%
6 Month49.06%
12 Month16.73%
2 Year32.12%
3 Year35.83%
5 Year57.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%4.84%
ATR Inc15.87%
Range Today0.33
ADR(20)0.41
ADR(20)%4.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.36
Mansfield0.05
10 Day High8.88
10 Day Low7.85
20 Day High8.88
20 Day Low7.61
52 Week High9.89
52 Week Low5.76
CS1 End8.7
CR1 Start8.8
Volume & EV
DER(3)2.84%
DER(5)3.72%
Volume17.50K
Volume Incr23.04%
Vol(5)89.66K
Vol(50)65.61K