CORMEDIX INC (CRMD) Stock Technical Analysis
NASDAQ:CRMD - Nasdaq - US21900C3088 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CRMD. In the last year, CRMD was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CRMD has a been trading in the 11.34 - 17.43 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, CRMD did better than 97% of all other stocks. We also observe that the gains produced by CRMD over the past year are nicely spread over this period.
CRMD is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. CRMD outperforms 97% of them.
CRMD has an average volume of 2113330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
Although CRMD has an excellent technical rating, it does not present a decent entry opportunity 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
6.57
11.93
We found 2 important support areas.
- A support zone ranging from 11.58 to 11.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.63 to 11.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for CRMD is down. |
| ChartMill Relative Strength | 97.77 | POSITIVE | CRMD has a high relative strength, it outperformed 97.77% 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) | UP | MIXED | The current price of CRMD is below the rising 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) | 39.52 | NEUTRAL | The RSI value for CRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests CRMD has a negative trend. |
| Stochastics (14,3) | 2.75 | OVERSOLD | The low Stochastics value suggests CRMD may be oversold. |
| Average True Range in percent/ATR (20) | 8.35 | HIGH VOLATILITY | The high ATR as a percentage value for CRMD suggests high volalility. |
| Average Directional Index/ADX (14) | 29.99 | POSITIVE | The high ADX value value for CRMD suggests a strong 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)
11.62
+0.03 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.26%
1 Week-22.33%
2 Weeks-14.43%
1 Month-6.14%
3 Month98.29%
6 Month42.05%
12 Month182.04%
2 Year162.9%
3 Year117.2%
5 Year161.12%
10 Year-33.6%
15 Year60.28%
Volatility
ATR(14)1
ATR(20)%8.35%
ATR Inc-62.74%
Range Today0.39
ADR(20)0.75
ADR(20)%6.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.77
Mansfield1.6
10 Day High17.43
10 Day Low11.34
20 Day High17.43
20 Day Low11.34
52 Week High17.43
52 Week Low3.61
CS1 End11.61
CR1 Start11.63
Volume & EV
DER(3)-2.31%
DER(5)-1.42%
Volume1.08M
Volume Incr102.67%
Vol(5)3.78M
Vol(50)2.11M