CRDO Technical Analysis - CREDO TECHNOLOGY GROUP HOLDI

Technical Rating and Analysis

Overall CRDO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CRDO 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 CRDO is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by CRDO over the past year are nicely spread over this period.

CRDO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. CRDO outperforms 96% of them.

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 4981810 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 136.24 - 176.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CREDO TECHNOLOGY GROUP HOLDI / CRDO Weekly stock chart

CREDO TECHNOLOGY GROUP HOLDI / CRDO Daily stock chart

Setup Rating and Analysis

CRDO has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

123.40

151.13

We found 3 important support areas.

A support zone ranging from 142.92 to 142.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 131.39 to 131.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @124.65 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	98.52	POSITIVE	CRDO has a high relative strength, it outperformed 98.52% 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)	54.25	NEUTRAL	The RSI value for CRDO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.31	NEGATIVE	The MACD value suggests CRDO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	22.52	NEUTRAL	The Stochastics value for CRDO is a neutral value.
Average True Range in percent/ATR (20)	6.35	HIGH VOLATILITY	The high ATR as a percentage value for CRDO suggests high volalility.
Average Directional Index/ADX (14)	29	POSITIVE	The high ADX value value for CRDO suggests a strong trend.