AVIDITY BIOSCIENCES INC (RNA) Stock Technical Analysis
NASDAQ:RNA - Nasdaq - US05370A1088 - Common Stock - Currency: USD
Overall RNA gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RNA was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than RNA.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RNA has an average volume of 1615280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RNA is an average performer in the Biotechnology industry, it outperforms 54% of 558 stocks in the same industry.
RNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNA is lagging the market.
In the last month RNA has a been trading in the 27.70 - 35.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
26.10
36.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 30.45 to 30.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.03 to 29.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.40 from a horizontal line in the daily time frame.
- Support @26.36 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 33.32 to 33.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.54 from a trend line in the daily time frame.
- A resistance zone ranging from 36.25 to 36.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for RNA is up. |
| ChartMill Relative Strength | 20.45 | NEGATIVE | RNA has a low relative strength, it was outperformed by 79.55% 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) | DOWN | MIXED | The current price of RNA is above a declining 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) | 54.94 | NEUTRAL | The RSI value for RNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests RNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.08 | NEUTRAL | The Stochastics value for RNA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for RNA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.62 | 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)
31.7
-1.87 (-5.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.57%
1 Week8.38%
2 Weeks11.62%
1 Month1.05%
3 Month18.9%
6 Month9.61%
12 Month-29.74%
2 Year233.33%
3 Year94.6%
5 Year12.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.75
ATR(20)%5.24%
ATR Inc127.47%
Range Today2.77
ADR(20)1.59
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.45
Mansfield-1.78
10 Day High35.29
10 Day Low27.71
20 Day High35.29
20 Day Low27.71
52 Week High56
52 Week Low21.51
CS1 End30.73
CR1 Start33.32
Volume & EV
DER(3)4.47%
DER(5)6.2%
Volume2.32M
Volume Incr164.61%
Vol(5)3.74M
Vol(50)1.62M