TRANSCODE THERAPEUTICS INC (RNAZ) Stock Technical Analysis
NASDAQ:RNAZ - Nasdaq - US89357L4023 - Common Stock - Currency: USD
Taking everything into account, RNAZ scores 3 out of 10 in our technical rating. In the past year, RNAZ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, RNAZ is a bad performer in the overall market: 94% of all stocks are doing better.
RNAZ is part of the Biotechnology industry. There are 550 other stocks in this industry, of which 73% are performing better than RNAZ.
RNAZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RNAZ has a been trading in the 9.38 - 17.24 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RNAZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.08. Right above this resistance zone may be a good entry point.
More info and screens
10.28
13.57
We found 1 important support area.
- A support zone ranging from 10.38 to 10.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.08 to 11.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.60 to 11.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.44 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 | DOWN | NEGATIVE | The long term trend for RNAZ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNAZ is neutral. |
| ChartMill Relative Strength | 6.69 | NEGATIVE | RNAZ has a low relative strength, it was outperformed by 93.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RNAZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNAZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNAZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.28 | NEUTRAL | The RSI value for RNAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests RNAZ has a negative trend. |
| Stochastics (14,3) | 19 | OVERSOLD | The low Stochastics value suggests RNAZ may be oversold. |
| Average True Range in percent/ATR (20) | 14.71 | HIGH VOLATILITY | The high ATR as a percentage value for RNAZ suggests high volalility. |
| Average Directional Index/ADX (14) | 44.21 | POSITIVE | The high ADX value value for RNAZ suggests a strong 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)
10.79
-0.26 (-2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.35%
1 Week3.85%
2 Weeks-6.17%
1 Month8.55%
3 Month32.23%
6 Month-96.28%
12 Month-95.62%
2 Year-99.98%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%14.71%
ATR Inc-27.67%
Range Today1.15
ADR(20)1.49
ADR(20)%13.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.69
Mansfield-9.4
10 Day High12.1
10 Day Low10.16
20 Day High17.24
20 Day Low9.38
52 Week High739.2
52 Week Low6.15
CS1 End10.38
CR1 Start11.08
Volume & EV
DER(3)-12.82%
DER(5)-13.73%
Volume15.60K
Volume Incr-92.25%
Vol(5)19.48K
Vol(50)116.77K