CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
NASDAQ:CRDO - Nasdaq - KYG254571055 - Common Stock - Currency: USD
Taking everything into account, CRDO scores 10 out of 10 in our technical rating. 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.
Looking at the yearly performance, CRDO did better than 98% of all other 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 110 other stocks in this industry. CRDO outperforms 97% of them.
CRDO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CRDO has a been trading in the 84.25 - 112.67 range, which is quite wide. It is currently trading near the high of this range.
CRDO has an average volume of 5415510 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
39.36
110.47
We found 2 important support areas.
- A support zone ranging from 97.54 to 97.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @39.76 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 | 98.97 | POSITIVE | CRDO has a high relative strength, it outperformed 98.97% 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) | 71.79 | OVERBOUGHT | The high RSI value suggests CRDO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CRDO has a positive trend. |
| Stochastics (14,3) | 88.78 | OVERBOUGHT | The high Stochastics value suggests CRDO may be overbought. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for CRDO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.37 | 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)
109.38
+1.43 (+1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.32%
1 Week17.7%
2 Weeks6.62%
1 Month18.13%
3 Month126.65%
6 Month56.21%
12 Month331.82%
2 Year544.55%
3 Year581.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.67
ATR(20)%5.12%
ATR Inc4.63%
Range Today4.15
ADR(20)5.21
ADR(20)%4.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.97
Mansfield7.74
10 Day High112.67
10 Day Low88.42
20 Day High112.67
20 Day Low84.25
52 Week High112.67
52 Week Low22.5
CS1 End97.56
CR1 StartN/A
Volume & EV
DER(3)0.53%
DER(5)1.07%
Volume4.57M
Volume Incr-18.94%
Vol(5)4.00M
Vol(50)5.42M