GRIDAI TECHNOLOGIES CORP (GRDX) Stock Technical Analysis
NASDAQ:GRDX • US33749P5070
Overall GRDX gets a technical rating of 2 out of 10. GRDX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than GRDX.
- GRDX is part of the Biotechnology industry. There are 522 other stocks in this industry, of which 93% are performing better than GRDX.
- 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.
- In the last month GRDX has a been trading in the 2.50 - 4.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GRDX 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.
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2.63
3 important support areas can be observed.
- Support @2.90 from a horizontal line in the weekly time frame.
- Support @2.76 from a trend line in the daily time frame.
- A support zone ranging from 2.66 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @3.45 from a horizontal line 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 | UP | POSITIVE | The long term trend for GRDX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRDX is neutral. |
| 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) | DOWN | NEGATIVE | The current price of GRDX is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 47.54 | NEUTRAL | The RSI value for GRDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GRDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.63 | NEUTRAL | The Stochastics value for GRDX is a neutral value. |
| Average True Range in percent/ATR (20) | 15.31 | HIGH VOLATILITY | The high ATR as a percentage value for GRDX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.07 | NEGATIVE | The low ADX value for GRDX suggests a weak or negative trend. |
3.06
+0.11 (+3.73%)
GRIDAI TECHNOLOGIES CORP / GRDX FAQ
What is the technical rating for GRDX stock?
ChartMill assigns a technical rating of 2 / 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 47.535. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for GRIDAI TECHNOLOGIES CORP?
GRIDAI TECHNOLOGIES CORP (GRDX) has a support level at 2.9 and a resistance level at 3.45. Check the full technical report for our detailed analysis of GRDX support and resistance levels.