GOODRX HOLDINGS INC-CLASS A (GDRX) Technical Analysis
NASDAQ:GDRX • US38246G1085
Current stock price
GDRX Technical Rating and Analysis
Taking everything into account, GDRX scores 1 out of 10 in our technical rating. GDRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, GDRX is a bad performer in the overall market: 92% of all stocks are doing better.
- GDRX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GDRX is lagging the market.
- In the last month GDRX has a been trading in the 1.77 - 2.49 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.
- GDRX has an average volume of 3374520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GDRX is an average performer in the Health Care Technology industry, it outperforms 47% of 35 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
GDRX Weekly and Daily overview Charts
GDRX Setup Rating and Analysis
Although the technical rating is bad, GDRX 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. We notice that large players showed an interest for GDRX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GDRX Support and Resistance Analysis
2.18
When analyzing the support we notice one important area.
- A support zone ranging from 2.20 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @2.30 from a trend line in the daily time frame.
- A resistance zone ranging from 2.41 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.48 to 2.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.83 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.04 from a horizontal line in the weekly time frame.
GDRX 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 GDRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDRX is down. |
| ChartMill Relative Strength | 8.6 | NEGATIVE | GDRX has a low relative strength, it was outperformed by 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GDRX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GDRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GDRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.24 | NEUTRAL | The RSI value for GDRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GDRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.02 | NEUTRAL | The Stochastics value for GDRX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.25 | HIGH VOLATILITY | The high ATR as a percentage value for GDRX suggests high volalility. |
| Average Directional Index/ADX (14) | 10.94 | NEGATIVE | The low ADX value for GDRX suggests a weak or negative trend. |
GDRX Chart- and CandleStick Pattern Analysis
GDRX Technicals: Chart, Performance Metrics, Trend & Indicators
2.22
-0.02 (-0.89%)
GOODRX HOLDINGS INC-CLASS A / GDRX TA FAQ
Can you provide the ChartMill technical rating for GOODRX HOLDINGS INC-CLASS A?
ChartMill assigns a technical rating of 1 / 10 to GDRX.
What is the trend direction for GDRX stock?
The current trend direction for GOODRX HOLDINGS INC-CLASS A (GDRX) is Bearish.
What is the RSI signal for GDRX stock?
GOODRX HOLDINGS INC-CLASS A (GDRX) has an RSI value of 47.2441. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GOODRX HOLDINGS INC-CLASS A?
The MACD indicator for GOODRX HOLDINGS INC-CLASS A (GDRX) has a value of 0.0152642, indicating a bearish trend.
What is the buy/sell signal for GDRX stock?
The buy/sell signal for GOODRX HOLDINGS INC-CLASS A (GDRX) is sell as both the short term and long term trends are negative.