AVIDITY BIOSCIENCES INC (RNA) Stock Technical Analysis
NASDAQ:RNA - Nasdaq - US05370A1088 - Common Stock - Currency: USD
Overall RNA gets a technical rating of 2 out of 10. RNA'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.
83% of all other stocks performed better in the past year than RNA.
RNA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RNA is lagging the market.
In the last month RNA has a been trading in the 28.88 - 38.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RNA has an average volume of 1485910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
RNA is part of the Biotechnology industry. There are 557 other stocks in this industry, RNA did better than 55% of them.
The technical rating of RNA is bad and it also does not present a quality setup 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
25.32
35.65
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.20 to 29.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.30 from a trend line in the weekly time frame.
- Support @26.14 from a trend line in the weekly time frame.
- Support @25.58 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.99 to 32.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @35.30 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for RNA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNA is down. |
| ChartMill Relative Strength | 17.79 | NEGATIVE | RNA has a low relative strength, it was outperformed by 82.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RNA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.07 | NEUTRAL | The RSI value for RNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests RNA has a negative trend. |
| Stochastics (14,3) | 2.1 | OVERSOLD | The low Stochastics value suggests RNA may be oversold. |
| Average True Range in percent/ATR (20) | 6.48 | HIGH VOLATILITY | The high ATR as a percentage value for RNA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.72 | NEUTRAL | The ADX value for RNA suggests a possible start of a new 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)
29.32
-0.04 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.14%
1 Week-8.4%
2 Weeks-14.32%
1 Month-7.33%
3 Month-4.93%
6 Month-7.86%
12 Month-24.82%
2 Year164.38%
3 Year101.79%
5 Year3.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.1
ATR(20)%6.48%
ATR Inc-25.71%
Range Today1.14
ADR(20)1.85
ADR(20)%6.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.79
Mansfield-2.35
10 Day High38
10 Day Low28.88
20 Day High38
20 Day Low28.88
52 Week High56
52 Week Low21.51
CS1 End29.31
CR1 Start31.99
Volume & EV
DER(3)0.08%
DER(5)1.63%
Volume1.03M
Volume Incr-2.24%
Vol(5)1.39M
Vol(50)1.49M