GOODRX HOLDINGS INC-CLASS A (GDRX) Stock Technical Analysis
NASDAQ:GDRX - Nasdaq - US38246G1085 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to GDRX. Recently some decent action could be observed, but in the medium term time frame this is still negative. GDRX was also a bad performer in the overall market in the last year.
90% 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month GDRX has a been trading in the 4.65 - 5.12 range, which is quite wide. It is currently trading near the high of this range.
GDRX has an average volume of 1364140 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.
Although the technical rating is only medium, 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. There is a support zone below the current price at 4.85, a Stop Loss order could be placed below this zone.
More info and screens
4.62
5.13
We found 1 important support area.
- A support zone ranging from 4.67 to 4.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @4.98 from a horizontal line in the weekly time frame.
- 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.
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 | 10.28 | NEGATIVE | GDRX has a low relative strength, it was outperformed by 89.72% 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 | MIXED | The current price of GDRX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.33 | NEUTRAL | The RSI value for GDRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GDRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.67 | NEUTRAL | The Stochastics value for GDRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for GDRX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.69 | NEUTRAL | The ADX value for GDRX suggests a possible start of a new 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)
4.97
-0.07 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1.39%
1 Week5.07%
2 Weeks1.43%
1 Month1.22%
3 Month6.2%
6 Month0.4%
12 Month-43.84%
2 Year-46.21%
3 Year-20.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%3.43%
ATR Inc-33.88%
Range Today0.1
ADR(20)0.17
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.28
Mansfield-1.46
10 Day High5.06
10 Day Low4.68
20 Day High5.12
20 Day Low4.65
52 Week High9.16
52 Week Low3.68
CS1 End4.85
CR1 Start4.98
Volume & EV
DER(3)0.07%
DER(5)-3.49%
Volume703.05K
Volume Incr-28.57%
Vol(5)1.13M
Vol(50)1.36M