We assign a technical rating of 4 out of 10 to GRDX. In the last year, GRDX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 100% of all other stocks performed better in the past year than GRDX.
- GRDX is one of the lesser performing stocks in the Biotechnology industry. 92% of 525 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month GRDX has a been trading in the 1.92 - 5.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GRDX has only a medium technical rating, but it does show a decent setup pattern. 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 GRDX 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.
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3.82
When analyzing the support we notice one important area.
- A support zone ranging from 3.86 to 3.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GRDX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRDX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GRDX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRDX is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 54.47 | NEUTRAL | The RSI value for GRDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests GRDX has a negative trend. |
| Stochastics (14,3) | 48.75 | NEUTRAL | The Stochastics value for GRDX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.44 | HIGH VOLATILITY | The high ATR as a percentage value for GRDX suggests high volalility. |
| Average Directional Index/ADX (14) | 26.08 | POSITIVE | The high ADX value value for GRDX suggests a strong trend. |
3.92
-0.04 (-1.01%)
GRIDAI TECHNOLOGIES CORP / GRDX FAQ
What is the technical rating for GRDX stock?
ChartMill assigns a technical rating of 4 / 10 to GRDX.
What is the current trend direction of GRIDAI TECHNOLOGIES CORP (GRDX) stock?
The current trend direction for GRIDAI TECHNOLOGIES CORP (GRDX) is Bullish.
What is the RSI signal for GRIDAI TECHNOLOGIES CORP (GRDX) stock?
GRIDAI TECHNOLOGIES CORP (GRDX) has an RSI value of 54.4693. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for GRIDAI TECHNOLOGIES CORP?
The buy/sell signal for GRIDAI TECHNOLOGIES CORP (GRDX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for GRIDAI TECHNOLOGIES CORP?
GRIDAI TECHNOLOGIES CORP (GRDX) has a support level at 3.91. Check the full technical report for our detailed analysis of GRDX support and resistance levels.