CARDIOL THERAPEUTICS INC-A (CRDL)

CA14161Y2006 - Common Stock

1.99  +0.01 (+0.51%)

After market: 1.95 -0.04 (-2.01%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to CRDL. Both in the recent history as in the last year, CRDL has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CRDL is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, CRDL also shows a nice and consistent pattern of rising prices.
CRDL is part of the Pharmaceuticals industry. There are 198 other stocks in this industry. CRDL outperforms 97% of them.
CRDL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CRDL is performing more or less in line with the market.
In the last month CRDL has a been trading in the 1.55 - 2.08 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
CRDL Weekly chart
CRDL Daily chart
Setup Rating and Analysis

7

CRDL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.06. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

1.39

2.09

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 1.75 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.40 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 2.06 to 2.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.72
Mansfield6.88
10 Day High2.08
10 Day Low1.69
20 Day High2.08
20 Day Low1.55
52 Week High2.17
52 Week Low0.55
Performance
1 Week11.17%
2 Weeks12.43%
1 Month4.74%
3 Month77.68%
6 Month135.09%
12 Month226.23%
2 Year48.51%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)58.6
LBB1.6
UBB2.07
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
2.081.820.26 (12.50%)8.00%
An entry @2.08. This is a Buy Stop order right above the resistance zone.An exit @1.82. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.26 points, which is 12.50%.When investing 8.00% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CRDL Daily chart

CARDIOL THERAPEUTICS INC-A

NASDAQ:CRDL (5/3/2024, 3:49:53 PM)

After market: 1.95 -0.04 (-2.01%)

1.99

+0.01 (+0.51%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.51%
1 Week11.17%
2 Weeks12.43%
1 Month4.74%
3 Month77.68%
6 Month135.09%
12 Month226.23%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.15
ATR(20)%7.37%
ATR Inc
Range Today0.15
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.08
10 Day Low1.69
20 Day High2.08
20 Day Low1.55
52 Week High2.17
52 Week Low0.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume284.00K
Volume Incr125.3%
Vol(5)528.76K
Vol(50)336.28K