CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
NASDAQ:CRDO - Nasdaq - KYG254571055 - Common Stock - Currency: USD
Overall CRDO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRDO is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that CRDO is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, CRDO also shows a nice and consistent pattern of rising prices.
CRDO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 96% of 110 stocks in the same industry.
CRDO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRDO is lagging the market slightly.
CRDO has an average volume of 4898920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CRDO has a been trading in the 92.50 - 128.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CRDO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.36
121.61
We found 3 important support areas.
- A support zone ranging from 106.29 to 106.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @100.56 from a trend line in the daily time frame.
- Support @39.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 118.17 to 120.41. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CRDO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRDO is neutral. |
| ChartMill Relative Strength | 98.19 | POSITIVE | CRDO has a high relative strength, it outperformed 98.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRDO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRDO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRDO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.3 | NEUTRAL | The RSI value for CRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.47 | NEGATIVE | The MACD value suggests CRDO has a negative trend. |
| Stochastics (14,3) | 43.17 | NEUTRAL | The Stochastics value for CRDO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 33.62 | POSITIVE | The high ADX value value for CRDO 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)
106.3
-12.44 (-10.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-10.48%
1 Week-15.22%
2 Weeks-3.62%
1 Month14.39%
3 Month72.06%
6 Month59.18%
12 Month191.63%
2 Year545.81%
3 Year670.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.46
ATR(20)%6.46%
ATR Inc39.32%
Range Today11.95
ADR(20)6.4
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.19
Mansfield5.96
10 Day High128.56
10 Day Low104.79
20 Day High128.56
20 Day Low92.5
52 Week High128.56
52 Week Low24.08
CS1 End106.29
CR1 Start118.17
Volume & EV
DER(3)-1.6%
DER(5)-1.07%
Volume5.39M
Volume Incr-3.43%
Vol(5)4.07M
Vol(50)4.90M