CO-DIAGNOSTICS INC (CODX) Stock Technical Analysis
USA - NASDAQ:CODX - US1897631057 - Common Stock
Taking everything into account, CODX scores 4 out of 10 in our technical rating. In the last year, CODX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is only medium, CODX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.27
4 important support areas can be observed.
- Support @0.35 from a trend line in the weekly time frame.
- Support @0.34 from a trend line in the daily time frame.
- Support @0.32 from a trend line in the daily time frame.
- Support @0.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.41 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 CODX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CODX is down. |
| ChartMill Relative Strength | 17.18 | NEGATIVE | CODX has a low relative strength, it was outperformed by 82.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CODX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CODX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CODX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.44 | NEUTRAL | The RSI value for CODX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CODX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.51 | OVERSOLD | The low Stochastics value suggests CODX may be oversold. |
| Average True Range in percent/ATR (20) | 34.89 | HIGH VOLATILITY | The high ATR as a percentage value for CODX suggests high volalility. |
| Average Directional Index/ADX (14) | 48.41 | POSITIVE | The high ADX value value for CODX suggests a strong trend. |
0.3936
+0 (+0.82%)
CO-DIAGNOSTICS INC / CODX FAQ
What is the ChartMill technical rating of CO-DIAGNOSTICS INC (CODX) stock?
ChartMill assigns a technical rating of 4 / 10 to CODX.
Can you provide the trend direction for CO-DIAGNOSTICS INC?
The current trend direction for CO-DIAGNOSTICS INC (CODX) is Bearish.
What is the RSI signal for CO-DIAGNOSTICS INC (CODX) stock?
CO-DIAGNOSTICS INC (CODX) has an RSI value of 48.444. This indicates that the stock is currently neutral.
What is the MACD signal for CODX stock?
The MACD indicator for CO-DIAGNOSTICS INC (CODX) has a value of -0.0152147, indicating a bearish trend.
What is the support and resistance level for CODX stock?
CO-DIAGNOSTICS INC (CODX) has a support level at 0.35 and a resistance level at 0.41. Check the full technical report for our detailed analysis of CODX support and resistance levels.