CO-DIAGNOSTICS INC (CODX) Stock Technical Analysis
NASDAQ:CODX - Nasdaq - US1897631057 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CODX. CODX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CODX is a bad performer in the overall market: 99% of all stocks are doing better.
CODX is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, of which 87% are performing better than CODX.
CODX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CODX is lagging the market.
In the last month CODX has a been trading in the 0.23 - 0.50 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CODX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.30. Right above this resistance zone may be a good entry point.
More info and screens
0.29
0.37
3 important resistance areas can be observed.
- A resistance zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.31 from a trend line in the daily time frame.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 1.91 | NEGATIVE | CODX has a low relative strength, it was outperformed by 98.09% 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) | 46.02 | NEUTRAL | The RSI value for CODX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CODX has a positive trend. |
| Stochastics (14,3) | 26.88 | NEUTRAL | The Stochastics value for CODX is a neutral value. |
| Average True Range in percent/ATR (20) | 18.12 | HIGH VOLATILITY | The high ATR as a percentage value for CODX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for CODX 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)
0.2887
+0.01 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.76%
1 Week-0.45%
2 Weeks4.98%
1 Month-17.4%
3 Month-48.45%
6 Month-66.08%
12 Month-78.61%
2 Year-73.99%
3 Year-94.85%
5 Year-98.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%18.12%
ATR Inc-50.81%
Range Today0.03
ADR(20)0.05
ADR(20)%18.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.91
Mansfield-6.9
10 Day High0.34
10 Day Low0.23
20 Day High0.5
20 Day Low0.23
52 Week High2.23
52 Week Low0.23
CS1 EndN/A
CR1 Start0.3
Volume & EV
DER(3)-12.2%
DER(5)-9.35%
Volume678.30K
Volume Incr7.66%
Vol(5)570.26K
Vol(50)375.98K