CORMEDIX INC (CRMD) Stock Technical Analysis
USA - NASDAQ:CRMD - US21900C3088 - Common Stock
Taking everything into account, CRMD scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, CRMD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.64, a Stop Loss order could be placed below this zone.
More info and screens
7.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.52 to 10.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.07 to 10.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.72 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.29 to 11.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.75 to 11.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.17 from a horizontal line in the daily time frame.
- Resistance @14.56 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CRMD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRMD is neutral. |
| ChartMill Relative Strength | 52.61 | NEUTRAL | CRMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRMD is above 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) | DOWN | NEGATIVE | The current price of CRMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.1 | NEUTRAL | The RSI value for CRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CRMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.82 | NEUTRAL | The Stochastics value for CRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for CRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 14.29 | NEGATIVE | The low ADX value for CRMD suggests a weak or negative trend. |
11.16
-0.26 (-2.28%)
CORMEDIX INC / CRMD FAQ
What is the technical rating for CRMD stock?
ChartMill assigns a technical rating of 2 / 10 to CRMD.
What is the current trend direction of CORMEDIX INC (CRMD) stock?
The current trend direction for CORMEDIX INC (CRMD) is Bearish.
Can you provide the RSI signal for CORMEDIX INC?
CORMEDIX INC (CRMD) has an RSI value of 48.1021. This indicates that the stock is currently neutral.
What is the short term momentum for CRMD stock?
The short term momentum for CORMEDIX INC (CRMD) is neutral.