CO-DIAGNOSTICS INC (CODX) Technical Analysis
NASDAQ:CODX • US1897632048
Current stock price
CODX Technical Rating and Analysis
Overall CODX gets a technical rating of 0 out of 10. 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 part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 90% 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 2.36 - 8.73 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 1631740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CODX Weekly and Daily overview Charts
CODX Setup Rating and Analysis
The technical rating of CODX is bad and it also does not present a 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
CODX Support and Resistance Analysis
2.48
When analyzing the resistance we notice one important area.
- Resistance @4.84 from a trend line in the daily time frame.
CODX Technical Indicator Signal Analysis
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 | 0.8 | NEGATIVE | CODX has a low relative strength, it was outperformed by 99.2% 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) | 28.52 | OVERSOLD | The low RSI value suggests CODX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CODX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.99 | OVERSOLD | The low Stochastics value suggests CODX may be oversold. |
| Average True Range in percent/ATR (20) | 34.52 | HIGH VOLATILITY | The high ATR as a percentage value for CODX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.54 | POSITIVE | The high ADX value value for CODX suggests a strong trend. |
CODX Chart- and CandleStick Pattern Analysis
CODX Technicals: Chart, Performance Metrics, Trend & Indicators
2.5
-0.3 (-10.71%)
CO-DIAGNOSTICS INC / CODX TA 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 28.5184. 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.