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 10 out of 10. Both in the recent history as in the last year, CODA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CODA is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, CODA also shows a nice and consistent pattern of rising prices.
- CODA is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 72% of 124 stocks in the same industry.
- In the last month CODA has a been trading in the 10.87 - 13.62 range, which is quite wide. It is currently trading near the high of this range.
- CODA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CODA is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CODA Weekly and Daily overview Charts
CODA Setup Rating and Analysis
Although CODA has an excellent technical rating, the quality of the presented setup is not ideal 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.93 to 12.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.27 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.46 to 9.58. 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.
When analyzing the resistance we notice one important area.
- Resistance @13.39 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for CODA is up. |
| ChartMill Relative Strength | 91.58 | POSITIVE | CODA has a high relative strength, it outperformed 91.58% 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) | 58.33 | NEUTRAL | The RSI value for CODA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CODA has a positive trend. |
| Stochastics (14,3) | 80.97 | OVERBOUGHT | The high Stochastics value suggests CODA may be overbought. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for CODA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.07 | 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
13.38
+0.37 (+2.84%)
CODA OCTOPUS GROUP INC / CODA TA FAQ
What is the technical rating for CODA stock?
ChartMill assigns a technical rating of 10 / 10 to CODA.
What is the trend direction for CODA stock?
The current trend direction for CODA OCTOPUS GROUP INC (CODA) is Bullish.
Can you provide the RSI signal for CODA OCTOPUS GROUP INC?
CODA OCTOPUS GROUP INC (CODA) has an RSI value of 58.3283. This indicates that the stock is currently neutral.
What is the buy/sell signal for CODA OCTOPUS GROUP INC (CODA) stock?
The buy/sell signal for CODA OCTOPUS GROUP INC (CODA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CODA OCTOPUS GROUP INC (CODA) stock?
CODA OCTOPUS GROUP INC (CODA) has a support level at 12.18 and a resistance level at 13.39. Check the full technical report for our detailed analysis of CODA support and resistance levels.