Taking everything into account, CODX scores 0 out of 10 in our technical rating. CODX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than CODX.
- CODX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 89% of 186 stocks in the same industry do better.
- CODX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CODX has a been trading in the 2.36 - 10.24 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CODX has an average volume of 1988350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of CODX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
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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 | DOWN | NEGATIVE | The long term trend for CODX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CODX is down. |
| ChartMill Relative Strength | 0.68 | NEGATIVE | CODX has a low relative strength, it was outperformed by 99.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CODX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CODX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CODX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.23 | OVERSOLD | The low RSI value suggests CODX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CODX has a negative trend. |
| Stochastics (14,3) | 23.3 | NEUTRAL | The Stochastics value for CODX is a neutral value. |
| Average True Range in percent/ATR (20) | 42.21 | HIGH VOLATILITY | The high ATR as a percentage value for CODX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.4 | NEUTRAL | The ADX value for CODX suggests a possible start of a new trend. |
2.36
-3.62 (-60.54%)
CO-DIAGNOSTICS INC / CODX FAQ
What is the ChartMill technical rating of CO-DIAGNOSTICS INC (CODX) stock?
ChartMill assigns a technical rating of 0 / 10 to CODX.
What is the current trend direction of CO-DIAGNOSTICS INC (CODX) stock?
The current trend direction for CO-DIAGNOSTICS INC (CODX) is Bearish.
What is the RSI signal for CODX stock?
CO-DIAGNOSTICS INC (CODX) has an RSI value of 23.2254. This indicates that the stock is currently oversold.
Can you provide the short term momentum for CO-DIAGNOSTICS INC?
The short term momentum for CO-DIAGNOSTICS INC (CODX) is negative.
What is the buy/sell signal for CO-DIAGNOSTICS INC (CODX) stock?
The buy/sell signal for CO-DIAGNOSTICS INC (CODX) is sell as both the short term and long term trends are negative.