CODA OCTOPUS GROUP INC (CODA) Stock Technical Analysis
NASDAQ:CODA - Nasdaq - US19188U2069 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CODA. In the past year, CODA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
63% of all other stocks performed better in the past year than CODA.
CODA is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: CODA has an average volume of 29256 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CODA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CODA is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, CODA did better than 52% of them.
Although the technical rating is bad, CODA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.96. 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
5.83
7.03
We found 4 important support areas.
- A support zone ranging from 6.81 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.55 to 6.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.42 from a trend line in the daily time frame.
- A support zone ranging from 5.89 to 5.98. 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 6.96 to 6.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.58
Mansfield-0.52
10 Day High7.2
10 Day Low6.41
20 Day High7.2
20 Day Low5.97
52 Week High9.89
52 Week Low5.76
Performance
1 Week-0.14%
2 Weeks3.43%
1 Month12.85%
3 Month-11.14%
6 Month-23.57%
12 Month-1.14%
2 Year-34.47%
3 Year29.72%
5 Year23.93%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)58.52
LBB6.17
UBB7.19
NASDAQ:CODA (5/9/2025, 8:00:01 PM)
6.94
+0.17 (+2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.49%
1 Week-0.14%
2 Weeks3.43%
1 Month12.85%
3 Month-11.14%
6 Month-23.57%
12 Month-1.14%
2 Year-34.47%
3 Year29.72%
5 Year23.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%5.52%
ATR Inc-1.05%
Range Today0.26
ADR(20)0.38
ADR(20)%5.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.58
Mansfield-0.52
10 Day High7.2
10 Day Low6.41
20 Day High7.2
20 Day Low5.97
52 Week High9.89
52 Week Low5.76
CS1 End6.93
CR1 Start6.96
Volume & EV
DER(3)15.92%
DER(5)0.27%
Volume1.70K
Volume Incr-84.33%
Vol(5)7.54K
Vol(50)29.26K