CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
NASDAQ:CRDO - KYG254571055 - Common Stock
159.32 USD
-4.64 (-2.83%)
159.9 USD
+0.58 (+0.36%)
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.
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 99% of all stocks. On top of that, CRDO also shows a nice and consistent pattern of rising prices.
CRDO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. CRDO outperforms 97% of them.
A new 52 week high is currently being made by CRDO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month CRDO has a been trading in the 100.06 - 168.42 range, which is quite wide. It is currently trading near the high of this range.
CRDO has an average volume of 4711370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CRDO has an excellent technical rating, it does not offer a high quality setup 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
66.54
160.91
When analyzing the support we can see 3 important areas.
- Support @118.69 from a trend line in the daily time frame.
- Support @69.04 from a horizontal line in the daily time frame.
- Support @67.21 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 | 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 | 99.16 | POSITIVE | CRDO has a high relative strength, it outperformed 99.16% 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) | 73.98 | OVERBOUGHT | The high RSI value suggests CRDO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.58 | POSITIVE | The MACD value suggests CRDO has a positive trend. |
| Stochastics (14,3) | 93.36 | OVERBOUGHT | The high Stochastics value suggests CRDO may be overbought. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 38.63 | 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)
159.32
-4.64 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.83%
1 Week18.9%
2 Weeks29.81%
1 Month31.53%
3 Month116.79%
6 Month224.15%
12 Month458.82%
2 Year944.72%
3 Year1348.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.93
ATR(20)%5.28%
ATR Inc54.35%
Range Today9.81
ADR(20)7.28
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.16
Mansfield11.29
10 Day High168.42
10 Day Low116.16
20 Day High168.42
20 Day Low100.06
52 Week High168.42
52 Week Low26.96
CS1 End118.69
CR1 StartN/A
Volume & EV
DER(3)-1.04%
DER(5)-0.39%
Volume6.30M
Volume Incr22.2%
Vol(5)5.77M
Vol(50)4.71M