AVIDITY BIOSCIENCES INC (RNA) Stock Technical Analysis
USA - NASDAQ:RNA - US05370A1088 - Common Stock
46.95 USD
+0.77 (+1.67%)
46.95 USD
0 (0%)
We assign a technical rating of 9 out of 10 to RNA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RNA is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
RNA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RNA is lagging the market slightly.
In the last month RNA has a been trading in the 35.70 - 49.16 range, which is quite wide. It is currently trading near the high of this range.
RNA has an average volume of 3440770 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 RNA is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
RNA is an average performer in the Biotechnology industry, it outperforms 67% of 536 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RNA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
33.38
50.96
We found 5 important support areas.
- A support zone ranging from 44.05 to 44.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.47 to 43.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.05 from a horizontal line in the weekly time frame.
- Support @40.05 from a horizontal line in the daily time frame.
- A support zone ranging from 33.72 to 33.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.45 to 50.46. This zone is formed by a combination of multiple trend lines in the weekly 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 RNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNA is up. |
| ChartMill Relative Strength | 83.82 | POSITIVE | RNA has a high relative strength, it outperformed 83.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.44 | NEUTRAL | The RSI value for RNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests RNA has a positive trend. |
| Stochastics (14,3) | 88.49 | OVERBOUGHT | The high Stochastics value suggests RNA may be overbought. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for RNA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.29 | NEGATIVE | The low ADX value for RNA suggests a weak or negative 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)
46.95
+0.77 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.67%
1 Week7.76%
2 Weeks10.99%
1 Month0.71%
3 Month49.28%
6 Month83.54%
12 Month0.75%
2 Year811.65%
3 Year228.78%
5 Year89.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.3
ATR(20)%6.5%
ATR Inc-5.63%
Range Today1.52
ADR(20)2.7
ADR(20)%5.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.82
Mansfield1.82
10 Day High47.96
10 Day Low38.94
20 Day High49.16
20 Day Low35.7
52 Week High56
52 Week Low21.51
CS1 End44.07
CR1 Start50.45
Volume & EV
DER(3)1.66%
DER(5)1.31%
Volume1.15M
Volume Incr-67.32%
Vol(5)1.34M
Vol(50)3.44M