CRMD Technical Analysis - CORMEDIX INC

Technical Rating and Analysis

Overall CRMD gets a technical rating of 1 out of 10. CRMD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month CRMD has a been trading in the 10.55 - 12.98 range, which is quite wide. It is currently trading near the lows of this range.

CRMD has an average volume of 3705250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When compared to the yearly performance of all other stocks, CRMD outperforms 46% of them, which is more or less in line with the market.

CRMD is an average performer in the Pharmaceuticals industry, it outperforms 53% of 196 stocks in the same industry.

CRMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRMD is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, CRMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.41

13.92

2 important support areas can be observed.

Support @10.32 from a horizontal line in the weekly time frame.
Support @7.48 from a trend line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

Resistance @10.74 from a trend line in the daily time frame.
A resistance zone ranging from 11.26 to 11.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 11.83 to 11.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @13.78 from a trend line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for CRMD is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CRMD is down.
ChartMill Relative Strength	46.99	NEUTRAL	CRMD is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CRMD is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CRMD is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of CRMD is below the rising SMA(200).
Relative Strength Index/RSI (14)	38.65	NEUTRAL	The RSI value for CRMD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests CRMD has a negative trend.
Stochastics (14,3)	13.35	OVERSOLD	The low Stochastics value suggests CRMD may be oversold.
Average True Range in percent/ATR (20)	5.26	HIGH VOLATILITY	The high ATR as a percentage value for CRMD suggests high volalility.
Average Directional Index/ADX (14)	12.93	NEGATIVE	The low ADX value for CRMD suggests a weak or negative trend.