GOODRX HOLDINGS INC-CLASS A (GDRX) Stock Technical Analysis
NASDAQ:GDRX - Nasdaq - US38246G1085 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GDRX. GDRX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
83% of all other stocks performed better in the past year than GDRX.
GDRX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GDRX has a been trading in the 3.73 - 5.11 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GDRX has an average volume of 1488510 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 42% of 36 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GDRX has an average technical rating and it also does not offer a high quality setup 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
3.75
9.21
We found 2 important support areas.
- A support zone ranging from 4.32 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.07 to 5.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.60 from a trend line in the weekly time frame.
- Resistance @9.12 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 GDRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDRX is up. |
| ChartMill Relative Strength | 17.15 | NEGATIVE | GDRX has a low relative strength, it was outperformed by 82.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDRX is above the rising 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) | 66.26 | NEUTRAL | The RSI value for GDRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests GDRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.65 | OVERBOUGHT | The high Stochastics value suggests GDRX may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for GDRX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.55 | POSITIVE | The high ADX value value for GDRX 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)
4.93
+0.02 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.41%
1 Week10.04%
2 Weeks8.83%
1 Month30.08%
3 Month9.56%
6 Month6.71%
12 Month-36.79%
2 Year-10.69%
3 Year-16.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%4.18%
ATR Inc4.25%
Range Today0.21
ADR(20)0.2
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.15
Mansfield-1.73
10 Day High5.11
10 Day Low4.33
20 Day High5.11
20 Day Low3.73
52 Week High9.26
52 Week Low3.68
CS1 End4.43
CR1 Start5.07
Volume & EV
DER(3)6.12%
DER(5)4.01%
Volume1.85M
Volume Incr69.36%
Vol(5)2.17M
Vol(50)1.49M