CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
NASDAQ:CRDO - Nasdaq - KYG254571055 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CRDO. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CRDO did better than 98% of all other stocks. We also observe that the gains produced by CRDO over the past year are nicely spread over this period.
CRDO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 98% 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.
In the last month CRDO has a been trading in the 66.75 - 95.71 range, which is quite wide. It is currently trading near the high of this range.
CRDO has an average volume of 5206190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CRDO has an excellent technical rating, it does not present a decent entry opportunity 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
80.23
88.47
We found 1 important support area.
- A support zone ranging from 81.04 to 82.00. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CRDO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRDO is up. |
| ChartMill Relative Strength | 98.49 | POSITIVE | CRDO has a high relative strength, it outperformed 98.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRDO is above 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) | 64.81 | NEUTRAL | The RSI value for CRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests CRDO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.85 | OVERBOUGHT | The high Stochastics value suggests CRDO may be overbought. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 45.07 | 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)
87.59
-5 (-5.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-5.4%
1 Week-4.71%
2 Weeks10.64%
1 Month39.81%
3 Month163.03%
6 Month21%
12 Month176.92%
2 Year416.15%
3 Year445.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.95
ATR(20)%6.47%
ATR Inc25.12%
Range Today7.21
ADR(20)4.99
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.49
Mansfield5.99
10 Day High95.71
10 Day Low77.79
20 Day High95.71
20 Day Low66.75
52 Week High95.71
52 Week Low22.5
CS1 End80.07
CR1 StartN/A
Volume & EV
DER(3)-1.49%
DER(5)-1.01%
Volume7.38M
Volume Incr-22.67%
Vol(5)5.46M
Vol(50)5.21M