CODA OCTOPUS GROUP INC (CODA) Stock Technical Analysis
USA - NASDAQ:CODA - US19188U2069 - Common Stock
8.14 USD
-0.62 (-7.02%)
7.86 USD
-0.28 (-3.44%)
Taking everything into account, CODA scores 6 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month CODA has a been trading in the 7.01 - 8.80 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CODA turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
CODA is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 45% 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.
Volume is considerably higher in the last couple of days.
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
8.85
When analyzing the support we can see 6 important areas.
- A support zone ranging from 7.72 to 7.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.31 from a trend line in the daily time frame.
- A support zone ranging from 7.17 to 7.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.04 from a horizontal line in the daily time frame.
- Support @6.88 from a trend line in the daily time frame.
- A support zone ranging from 5.98 to 6.05. 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 8.76 to 8.76. 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 | NEUTRAL | NEUTRAL | The short term trend for CODA is neutral. |
| ChartMill Relative Strength | 58.4 | NEUTRAL | CODA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CODA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.23 | NEUTRAL | The RSI value for CODA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CODA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.89 | NEUTRAL | The Stochastics value for CODA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for CODA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for CODA suggests a weak or negative 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)
8.14
-0.62 (-7.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-7.02%
1 Week2.39%
2 Weeks0.43%
1 Month5.3%
3 Month5.85%
6 Month21.67%
12 Month10.6%
2 Year31.29%
3 Year50.74%
5 Year47.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%5.27%
ATR Inc152.38%
Range Today0.65
ADR(20)0.42
ADR(20)%5.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.4
Mansfield-0.51
10 Day High8.8
10 Day Low7.61
20 Day High8.8
20 Day Low7.01
52 Week High9.89
52 Week Low5.76
CS1 End7.88
CR1 Start8.76
Volume & EV
DER(3)-4.94%
DER(5)-2.58%
Volume197.35K
Volume Incr237.36%
Vol(5)150.05K
Vol(50)60.82K