CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
USA - NASDAQ:CRDO - KYG254571055 - Common Stock
We assign a technical rating of 7 out of 10 to CRDO. In the last year, CRDO was one of the better performers, but we do observe some doubts in the very recent evolution.
Although CRDO has an excellent technical rating, the quality of the presented setup is not ideal 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
128.44
We found 1 important support area.
- Support @129.74 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 | DOWN | NEGATIVE | The short term trend for CRDO is down. |
| ChartMill Relative Strength | 97.67 | POSITIVE | CRDO has a high relative strength, it outperformed 97.67% 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) | DOWN | NEGATIVE | The current price of CRDO is below a declining 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) | 43.47 | NEUTRAL | The RSI value for CRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.68 | NEGATIVE | The MACD value suggests CRDO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.75 | OVERSOLD | The low Stochastics value suggests CRDO may be oversold. |
| Average True Range in percent/ATR (20) | 9.69 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.86 | NEGATIVE | The low ADX value for CRDO suggests a weak or negative trend. |
141.88
+2.32 (+1.66%)
CREDO TECHNOLOGY GROUP HOLDI / CRDO FAQ
What is the technical rating for CRDO stock?
ChartMill assigns a technical rating of 7 / 10 to CRDO.
What is the trend direction for CRDO stock?
The current trend direction for CREDO TECHNOLOGY GROUP HOLDI (CRDO) is Bullish.
What is the RSI signal for CRDO stock?
CREDO TECHNOLOGY GROUP HOLDI (CRDO) has an RSI value of 43.4677. This indicates that the stock is currently neutral.
What is the MACD signal for CRDO stock?
The MACD indicator for CREDO TECHNOLOGY GROUP HOLDI (CRDO) has a value of -3.68227, indicating a bearish trend.
Can you provide the buy/sell signal for CREDO TECHNOLOGY GROUP HOLDI?
The buy/sell signal for CREDO TECHNOLOGY GROUP HOLDI (CRDO) is hold as the short term and long term trends are mixed.