CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
NASDAQ:CRDO • KYG254571055
Overall CRDO gets a technical rating of 3 out of 10. Although CRDO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month CRDO has a been trading in the 94.19 - 142.00 range, which is quite wide. It is currently trading near the high of this range.
- CRDO has an average volume of 6240020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that CRDO is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CRDO is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 56% of 113 stocks in the same industry.
- CRDO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRDO is lagging the market.
CRDO has a poor technical rating and the quality of the setup is also not perfect 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
97.87
We found 3 important support areas.
- A support zone ranging from 121.44 to 122.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @111.40 from a horizontal line in the weekly time frame.
- Support @98.86 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 133.49 to 137.19. 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 | NEUTRAL | NEUTRAL | The long term trend for CRDO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRDO is neutral. |
| ChartMill Relative Strength | 88.64 | POSITIVE | CRDO has a high relative strength, it outperformed 88.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRDO is above a declining 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 | MIXED | The current price of CRDO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.78 | NEUTRAL | The RSI value for CRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.96 | POSITIVE | The MACD value suggests CRDO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.76 | NEUTRAL | The Stochastics value for CRDO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.56 | NEGATIVE | The low ADX value for CRDO suggests a weak or negative trend. |
124.06
-6.6 (-5.05%)
CREDO TECHNOLOGY GROUP HOLDI / CRDO FAQ
What is the technical rating for CRDO stock?
ChartMill assigns a technical rating of 3 / 10 to CRDO.
What is the current trend direction of CREDO TECHNOLOGY GROUP HOLDI (CRDO) stock?
The current trend direction for CREDO TECHNOLOGY GROUP HOLDI (CRDO) is Bearish.
What is the RSI signal for CRDO stock?
CREDO TECHNOLOGY GROUP HOLDI (CRDO) has an RSI value of 46.7829. This indicates that the stock is currently neutral.
What is the support and resistance level for CRDO stock?
CREDO TECHNOLOGY GROUP HOLDI (CRDO) has a support level at 122.5 and a resistance level at 133.49. Check the full technical report for our detailed analysis of CRDO support and resistance levels.