CO-DIAGNOSTICS INC (CODX) Stock Technical Analysis
NASDAQ:CODX - US1897631057 - Common Stock
0.3124 USD
0 (-1.36%)
0.3067 USD
-0.01 (-1.82%)
Overall CODX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CODX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CODX is a bad performer in the overall market: 93% of all stocks are doing better.
CODX is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 70% are performing better than CODX.
CODX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
CODX has an average volume of 2752360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CODX has a been trading in the 0.23 - 0.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 a support zone below the current price at 0.30, a Stop Loss order could be placed below this zone.
More info and screens
0.25
0.32
When analyzing the support we can see 2 important areas.
- A support 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.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for CODX is up. |
| ChartMill Relative Strength | 7.51 | NEGATIVE | CODX has a low relative strength, it was outperformed by 92.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CODX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CODX is above the rising 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) | 60.76 | NEUTRAL | The RSI value for CODX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CODX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.32 | NEUTRAL | The Stochastics value for CODX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.45 | HIGH VOLATILITY | The high ATR as a percentage value for CODX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.23 | POSITIVE | The high ADX value value for CODX suggests a strong 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)
0.3124
0 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.36%
1 Week7.61%
2 Weeks23.14%
1 Month19.92%
3 Month22.27%
6 Month-36.89%
12 Month-77.53%
2 Year-74.81%
3 Year-90.76%
5 Year-97.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%9.45%
ATR Inc-30.66%
Range Today0.02
ADR(20)0.03
ADR(20)%9.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.51
Mansfield-5.61
10 Day High0.38
10 Day Low0.25
20 Day High0.38
20 Day Low0.24
52 Week High1.58
52 Week Low0.23
CS1 End0.3
CR1 Start0.32
Volume & EV
DER(3)-13.85%
DER(5)-5.69%
Volume656.20K
Volume Incr-82.94%
Vol(5)913.24K
Vol(50)2.75M