CODA OCTOPUS GROUP INC (CODA) Stock Technical Analysis
NASDAQ:CODA - Nasdaq - US19188U2069 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CODA. CODA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CODA is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CODA is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 51% of 125 stocks in the same industry.
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.
In the last month CODA has a been trading in the 7.22 - 8.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CODA has an average technical rating and it also does not offer a high quality setup 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
5.92
8.67
We found 5 important support areas.
- Support @7.32 from a horizontal line in the daily time frame.
- Support @7.09 from a trend line in the weekly time frame.
- Support @6.54 from a trend line in the daily time frame.
- Support @6.11 from a horizontal line in the daily time frame.
- A support zone ranging from 5.98 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.
- A resistance zone ranging from 7.98 to 8.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.47 to 8.58. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CODA is neutral. |
| ChartMill Relative Strength | 75.72 | POSITIVE | CODA has a high relative strength, it outperformed 75.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CODA is below 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) | 51.35 | NEUTRAL | The RSI value for CODA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests CODA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.18 | NEUTRAL | The Stochastics value for CODA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for CODA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.23 | 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)
7.96
+0.63 (+8.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg8.59%
1 Week-6.13%
2 Weeks-5.24%
1 Month1.66%
3 Month18.63%
6 Month-2.21%
12 Month17.06%
2 Year-8.19%
3 Year60.16%
5 Year37.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%5.29%
ATR Inc100.43%
Range Today0.81
ADR(20)0.42
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.72
Mansfield-0.43
10 Day High8.63
10 Day Low7.23
20 Day High8.63
20 Day Low7.23
52 Week High9.89
52 Week Low5.76
CS1 End7.32
CR1 Start7.98
Volume & EV
DER(3)-0.76%
DER(5)-4.34%
Volume52.20K
Volume Incr83.93%
Vol(5)76.22K
Vol(50)46.16K