CADRENAL THERAPEUTICS INC (CVKD) Stock Technical Analysis
NASDAQ:CVKD - Nasdaq - US1276362076 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CVKD. Although CVKD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
Warning: CVKD has an average volume of 28944 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CVKD is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 194 stocks in the same industry.
In the last month CVKD has a been trading in the 10.02 - 13.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, CVKD did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CVKD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVKD is lagging the market.
CVKD has a poor technical rating and the quality of the setup is also not perfect 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
10.17
19.11
2 important support areas can be observed.
- Support @10.79 from a trend line in the weekly time frame.
- A support zone ranging from 10.27 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @12.07 from a trend line in the daily time frame.
- A resistance zone ranging from 12.86 to 13.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.92 from a trend 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 | DOWN | NEGATIVE | The long term trend for CVKD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVKD is down. |
| ChartMill Relative Strength | 80.01 | POSITIVE | CVKD has a high relative strength, it outperformed 80.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVKD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVKD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVKD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.22 | NEUTRAL | The RSI value for CVKD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CVKD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.34 | OVERSOLD | The low Stochastics value suggests CVKD may be oversold. |
| Average True Range in percent/ATR (20) | 8.88 | HIGH VOLATILITY | The high ATR as a percentage value for CVKD suggests high volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for CVKD suggests a weak or negative 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)
11.72
+0.91 (+8.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg8.42%
1 Week4.92%
2 Weeks-9.64%
1 Month4.27%
3 Month-30.24%
6 Month-39.4%
12 Month74.87%
2 Year-8.08%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%8.88%
ATR Inc-14.45%
Range Today1.13
ADR(20)0.99
ADR(20)%8.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.01
Mansfield-2.58
10 Day High13.63
10 Day Low10.45
20 Day High13.71
20 Day Low10.02
52 Week High22.9
52 Week Low5.7
CS1 End10.79
CR1 Start12.07
Volume & EV
DER(3)-11.01%
DER(5)-10.67%
Volume32.10K
Volume Incr-4.77%
Vol(5)33.74K
Vol(50)28.94K