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AVIDITY BIOSCIENCES INC (RNA)

US05370A1088 - Common Stock

26.45  +0.87 (+3.4%)

After market: 26.45 0 (0%)

Technical Rating and Analysis

10

Overall RNA gets a technical rating of 10 out of 10. 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.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RNA did better than 98% of all other stocks.
RNA is part of the Biotechnology industry. There are 588 other stocks in this industry. RNA outperforms 95% of them.
RNA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RNA is leading the market.
In the last month RNA has a been trading in the 22.24 - 27.34 range, which is quite wide. It is currently trading near the high of this range.
RNA has an average volume of 1252730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Weekly and Daily overview Charts
RNA Weekly chart
RNA Daily chart
Setup Rating and Analysis

7

RNA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 24.92, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

22.50

26.71

2 important support areas can be observed.

  • A support zone ranging from 24.61 to 24.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 22.73 to 23.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.38
Mansfield10.43
10 Day High27.34
10 Day Low22.75
20 Day High27.34
20 Day Low22.24
52 Week High27.66
52 Week Low4.83
Performance
1 Week8.58%
2 Weeks16.37%
1 Month7.39%
3 Month127.43%
6 Month383.55%
12 Month128.41%
2 Year89.88%
3 Year11.42%
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)62.24
LBB22.41
UBB26.51

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
27.3524.602.75 (10.05%)9.95%
An entry @27.35. This is a Buy Stop order right above the 10 day high.An exit @24.60. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.75 points, which is 10.05%.When investing 9.95% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

RNA Daily chart

AVIDITY BIOSCIENCES INC

NASDAQ:RNA (5/3/2024, 7:16:04 PM)

After market: 26.45 0 (0%)

26.45

+0.87 (+3.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.4%
1 Week8.58%
2 Weeks16.37%
1 Month7.39%
3 Month127.43%
6 Month383.55%
12 Month128.41%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.49
ATR(20)%5.3%
ATR Inc
Range Today1.27
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High27.34
10 Day Low22.75
20 Day High27.34
20 Day Low22.24
52 Week High27.66
52 Week Low4.83
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume641.60K
Volume Incr-16.11%
Vol(5)814.46K
Vol(50)1.25M