CO-DIAGNOSTICS INC (CODX) Stock Technical Analysis
NASDAQ:CODX - Nasdaq - US1897631057 - Common Stock - Currency: USD
Taking everything into account, CODX scores 1 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, CODX is a bad performer in the overall market: 97% of all stocks are doing better.
CODX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 81% of 187 stocks in the same industry do better.
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.
In the last month CODX has a been trading in the 0.23 - 0.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CODX has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.27
0.37
2 important resistance areas can be observed.
- A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.37 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 | 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 | 3.9 | NEGATIVE | CODX has a low relative strength, it was outperformed by 96.1% 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) | 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) | 41.95 | 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) | 15.79 | OVERSOLD | The low Stochastics value suggests CODX may be oversold. |
| Average True Range in percent/ATR (20) | 11.43 | HIGH VOLATILITY | The high ATR as a percentage value for CODX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.49 | 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)
NASDAQ:CODX (6/25/2025, 1:16:33 PM)
0.27
+0 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.69%
1 Week-2.03%
2 Weeks-10.94%
1 Month14.64%
3 Month-17.03%
6 Month-63.63%
12 Month-78.76%
2 Year-76.08%
3 Year-95.27%
5 Year-98.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%11.43%
ATR Inc-10.82%
Range Today0.03
ADR(20)0.03
ADR(20)%11.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.9
Mansfield-6.95
10 Day High0.31
10 Day Low0.25
20 Day High0.34
20 Day Low0.23
52 Week High2.23
52 Week Low0.23
CS1 EndN/A
CR1 Start0.28
Volume & EV
DER(3)-1.11%
DER(5)-1.1%
Volume564.77K
Volume Incr0.12%
Vol(5)489.94K
Vol(50)407.72K