GOODRX HOLDINGS INC-CLASS A (GDRX)
US38246G1085 - Common Stock
We assign a technical rating of 8 out of 10 to GDRX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GDRX is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
GDRX is one of the better performing stocks in the Health Care Technology industry, it outperforms 89% of 40 stocks in the same industry.
GDRX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
GDRX has an average volume of 1387140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GDRX is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
GDRX is currently trading in the middle 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 slightly.
Besides having an excellent technical rating, GDRX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.98, a Stop Loss order could be placed below this zone.
More info and screens
4.92
8.20
5 important support areas can be observed.
- A support zone ranging from 6.85 to 6.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.68 to 6.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.49 to 6.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.38 from a horizontal line in the daily time frame.
- Support @4.97 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.07 to 7.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.09 to 8.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.94
Mansfield0.27
10 Day High7.35
10 Day Low6.52
20 Day High7.35
20 Day Low6.44
52 Week High9.37
52 Week Low4.14
Performance
1 Week-0.99%
2 Weeks4.16%
1 Month4.47%
3 Month13.06%
6 Month30.54%
12 Month52.39%
2 Year-12.05%
3 Year-81.11%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)53.4
LBB6.39
UBB7.34
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.21 | 6.84 | 0.37 (5.13%) | 19.49% |
| An entry @7.21. This is a Buy Stop order right above the resistance zone. | An exit @6.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.37 points, which is 5.13%. | For a 1.00% total portfolio risk, you can invest 19.49% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GDRX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GOODRX HOLDINGS INC-CLASS A
NASDAQ:GDRX (5/2/2024, 7:00:00 PM)
After market: 7.01 0 (0%)7.01
+0.04 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.57%
1 Week-0.99%
2 Weeks4.16%
1 Month4.47%
3 Month13.06%
6 Month30.54%
12 Month52.39%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.27
ATR(20)%3.92%
ATR Inc
Range Today0.3
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.35
10 Day Low6.52
20 Day High7.35
20 Day Low6.44
52 Week High9.37
52 Week Low4.14
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume723.10K
Volume Incr-21.23%
Vol(5)717.40K
Vol(50)1.39M