Taking everything into account, CRDO scores 5 out of 10 in our technical rating. CRDO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CRDO has an average technical rating and the quality of the presented setup is also 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
3 important support areas can be observed.
- A support zone ranging from 142.60 to 142.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @133.48 from a horizontal line in the weekly time frame.
- A support zone ranging from 129.74 to 129.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @187.62 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 | 91.05 | POSITIVE | CRDO has a high relative strength, it outperformed 91.05% 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) | 41.09 | NEUTRAL | The RSI value for CRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.53 | NEGATIVE | The MACD value suggests CRDO has a negative trend. |
| Stochastics (14,3) | 26.98 | NEUTRAL | The Stochastics value for CRDO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.46 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.77 | NEGATIVE | The low ADX value for CRDO suggests a weak or negative trend. |
143.91
-10.56 (-6.84%)
CREDO TECHNOLOGY GROUP HOLDI / CRDO FAQ
What is the technical rating for CRDO stock?
ChartMill assigns a technical rating of 5 / 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 41.0883. 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 -2.5338, 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.