CORMEDIX INC (CRMD) Stock Technical Analysis
NASDAQ:CRMD - US21900C3088 - Common Stock
13.73 USD
+0.04 (+0.29%)
13.693 USD
-0.04 (-0.27%)
We assign a technical rating of 10 out of 10 to CRMD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRMD is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CRMD did better than 94% of all other stocks. On top of that, CRMD also shows a nice and consistent pattern of rising prices.
CRMD is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. CRMD outperforms 86% of them.
CRMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRMD is lagging the market slightly.
In the last month CRMD has a been trading in the 9.61 - 14.44 range, which is quite wide. It is currently trading near the high of this range.
CRMD has an average volume of 2699990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CRMD 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
7.05
13.88
We found 5 important support areas.
- A support zone ranging from 12.18 to 12.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.07 from a trend line in the weekly time frame.
- Support @10.55 from a trend line in the daily time frame.
- Support @10.23 from a trend line in the daily time frame.
- Support @7.12 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @13.74 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 CRMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRMD is up. |
| ChartMill Relative Strength | 94.56 | POSITIVE | CRMD has a high relative strength, it outperformed 94.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRMD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.64 | NEUTRAL | The RSI value for CRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CRMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.67 | OVERBOUGHT | The high Stochastics value suggests CRMD may be overbought. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for CRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 22.18 | NEUTRAL | The ADX value for CRMD suggests a possible start of a new 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)
13.73
+0.04 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.29%
1 Week4.81%
2 Weeks36.35%
1 Month14.61%
3 Month13.1%
6 Month32.53%
12 Month120.03%
2 Year237.35%
3 Year288.95%
5 Year194%
10 Year0.22%
15 Year56.91%
Volatility
ATR(14)0.88
ATR(20)%5.75%
ATR Inc-25.54%
Range Today0.45
ADR(20)0.76
ADR(20)%5.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.56
Mansfield2.16
10 Day High14.44
10 Day Low10.29
20 Day High14.44
20 Day Low9.61
52 Week High17.43
52 Week Low5.31
CS1 End12.35
CR1 Start13.74
Volume & EV
DER(3)1.98%
DER(5)3.89%
Volume2.01M
Volume Incr-7.7%
Vol(5)3.10M
Vol(50)2.70M