CODA OCTOPUS GROUP INC (CODA) Stock Technical Analysis
NASDAQ:CODA - Nasdaq - US19188U2069 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CODA. In the past year, CODA was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, CODA did better than 81% of all other stocks.
CODA is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, CODA did better than 60% of them.
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.
In the last month CODA has a been trading in the 5.98 - 8.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
5.88
7.99
5 important support areas can be observed.
- A support zone ranging from 7.04 to 7.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.54 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.23 to 6.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.11 from a horizontal line in the daily time frame.
- A support zone ranging from 5.94 to 5.98. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @7.74 from a horizontal line in the weekly time frame.
- Resistance @7.91 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 | NEUTRAL | NEUTRAL | The long term trend for CODA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CODA is up. |
| ChartMill Relative Strength | 81.22 | POSITIVE | CODA has a high relative strength, it outperformed 81.22% 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 | MIXED | The current price of CODA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.09 | NEUTRAL | The RSI value for CODA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CODA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.08 | NEUTRAL | The Stochastics value for CODA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for CODA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.41 | 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)
7.32
-0.06 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.81%
1 Week4.27%
2 Weeks13.66%
1 Month5.7%
3 Month9.42%
6 Month-11.06%
12 Month19.8%
2 Year-10.84%
3 Year46.4%
5 Year42.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%7.21%
ATR Inc29.47%
Range Today0.65
ADR(20)0.52
ADR(20)%7.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.22
Mansfield-0.56
10 Day High8.75
10 Day Low5.98
20 Day High8.75
20 Day Low5.98
52 Week High9.89
52 Week Low5.76
CS1 End7.1
CR1 Start7.74
Volume & EV
DER(3)-15.27%
DER(5)-10.86%
Volume43.90K
Volume Incr297.34%
Vol(5)119.46K
Vol(50)43.91K