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.
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.
0.29
3 important resistance areas can be observed.
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. |
0.2887
+0.01 (+1.76%)