CORMEDIX INC (CRMD) Technical Analysis
NASDAQ:CRMD • US21900C3088
Current stock price
CRMD Technical Rating and Analysis
Taking everything into account, CRMD scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRMD was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CRMD is a bad performer in the overall market: 69% of all stocks are doing better.
- CRMD is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CRMD is lagging the market.
- In the last month CRMD has a been trading in the 6.16 - 7.20 range, which is quite wide. It is currently trading near the high of this range.
- CRMD has an average volume of 1684240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- CRMD is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, CRMD did better than 51% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CRMD Weekly and Daily overview Charts
CRMD Setup Rating and Analysis
The technical rating of CRMD is bad and it also does not present a 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
CRMD Support and Resistance Analysis
6.18
When analyzing the support we notice one important area.
- A support zone ranging from 6.24 to 6.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.18 to 7.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.50 from a trend line in the weekly time frame.
- Resistance @11.03 from a trend line in the daily time frame.
- Resistance @12.41 from a trend line in the daily time frame.
- Resistance @13.09 from a horizontal line in the daily time frame.
CRMD Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CRMD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRMD is up. |
| ChartMill Relative Strength | 31.4 | NEUTRAL | CRMD is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CRMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.19 | NEUTRAL | The RSI value for CRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CRMD has a positive trend. |
| Stochastics (14,3) | 96.12 | OVERBOUGHT | The high Stochastics value suggests CRMD may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.39 | NEGATIVE | The low ADX value for CRMD suggests a weak or negative trend. |
CRMD Chart- and CandleStick Pattern Analysis
CRMD Technicals: Chart, Performance Metrics, Trend & Indicators
7.17
+0.09 (+1.27%)
CORMEDIX INC / CRMD TA FAQ
What is the technical rating for CRMD stock?
ChartMill assigns a technical rating of 2 / 10 to CRMD.
Can you provide the trend direction for CORMEDIX INC?
The current trend direction for CORMEDIX INC (CRMD) is Bearish.
What is the RSI signal for CRMD stock?
CORMEDIX INC (CRMD) has an RSI value of 59.191. This indicates that the stock is currently neutral.
What is the MACD signal for CORMEDIX INC (CRMD) stock?
The MACD indicator for CORMEDIX INC (CRMD) has a value of 0.12415, indicating a bearish trend.
Can you provide the buy/sell signal for CORMEDIX INC?
The buy/sell signal for CORMEDIX INC (CRMD) is hold as the short term and long term trends are mixed.