CORMEDIX INC (CRMD) Technical Analysis
NASDAQ:CRMD • US21900C3088
Current stock price
CRMD Technical Rating and Analysis
Overall CRMD gets a technical rating of 0 out of 10. CRMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 94% of all other stocks performed better in the past year than CRMD.
- CRMD is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 71% are performing better than CRMD.
- 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.
- CRMD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- CRMD has an average volume of 2629120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
CRMD Weekly and Daily overview Charts
CRMD Setup Rating and Analysis
CRMD has a bad technical rating, but it does show a decent setup pattern. 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 6.63. Right above this resistance zone may be a good entry point.
More info and screens
CRMD Support and Resistance Analysis
6.23
We found 1 important support area.
- A support zone ranging from 6.29 to 6.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.63 to 6.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.91 from a trend line in the weekly time frame.
- Resistance @11.12 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 | DOWN | NEGATIVE | The short term trend for CRMD is down. |
| ChartMill Relative Strength | 6.59 | NEGATIVE | CRMD has a low relative strength, it was outperformed by 93.41% off all stocks 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) | DOWN | NEGATIVE | The current price of CRMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.05 | NEUTRAL | The RSI value for CRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CRMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.98 | NEUTRAL | The Stochastics value for CRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for CRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for CRMD suggests a strong trend. |
CRMD Chart- and CandleStick Pattern Analysis
CRMD Technicals: Chart, Performance Metrics, Trend & Indicators
6.3
-0.07 (-1.1%)
CORMEDIX INC / CRMD TA FAQ
What is the technical rating for CRMD stock?
ChartMill assigns a technical rating of 0 / 10 to CRMD.
What is the trend direction for 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 35.0488. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CORMEDIX INC?
The short term momentum for CORMEDIX INC (CRMD) is negative.
What are the support and resistance levels for CORMEDIX INC (CRMD) stock?
CORMEDIX INC (CRMD) has a support level at 6.29 and a resistance level at 6.63. Check the full technical report for our detailed analysis of CRMD support and resistance levels.