RKDA Technical Analysis - ARCADIA BIOSCIENCES INC

Technical Rating and Analysis

Overall RKDA gets a technical rating of 1 out of 10. RKDA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, RKDA is a bad performer in the overall market: 83% of all stocks are doing better.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

RKDA is part of the Food Products industry. There are 87 other stocks in this industry, RKDA did better than 48% of them.

RKDA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RKDA is lagging the market.

In the last month RKDA has a been trading in the 3.20 - 6.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARCADIA BIOSCIENCES INC / RKDA Weekly stock chart

ARCADIA BIOSCIENCES INC / RKDA Daily stock chart

Setup Rating and Analysis

The technical rating of RKDA is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.69

5.23

7 important support areas can be observed.

Support @4.75 from a trend line in the daily time frame.
Support @4.40 from a trend line in the daily time frame.
Support @3.33 from a horizontal line in the daily time frame.
A support zone ranging from 3.14 to 3.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Support @3.09 from a trend line in the daily time frame.
Support @2.80 from a trend line in the weekly time frame.
Support @2.72 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for RKDA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RKDA is neutral.
ChartMill Relative Strength	17.92	NEGATIVE	RKDA has a low relative strength, it was outperformed by 82.08% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RKDA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of RKDA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of RKDA is above a declining SMA(200).
Relative Strength Index/RSI (14)	50.84	NEUTRAL	The RSI value for RKDA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests RKDA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	9.11	OVERSOLD	The low Stochastics value suggests RKDA may be oversold.
Average True Range in percent/ATR (20)	10.61	HIGH VOLATILITY	The high ATR as a percentage value for RKDA suggests high volalility.
Average Directional Index/ADX (14)	36.09	POSITIVE	The high ADX value value for RKDA suggests a strong trend.