TRANSCODE THERAPEUTICS INC (RNAZ) Stock Technical Analysis
USA - NASDAQ:RNAZ - US89357L5012 - Common Stock
Taking everything into account, RNAZ scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RNAZ was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, RNAZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for RNAZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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9.63
4 important support areas can be observed.
- Support @12.42 from a horizontal line in the daily time frame.
- Support @10.95 from a trend line in the daily time frame.
- Support @10.40 from a trend line in the daily time frame.
- Support @9.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @14.45 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 | 3.68 | NEGATIVE | RNAZ has a low relative strength, it was outperformed by 96.32% 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) | 49.03 | NEUTRAL | The RSI value for RNAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests RNAZ has a negative trend. |
| Stochastics (14,3) | 15.5 | OVERSOLD | The low Stochastics value suggests RNAZ may be oversold. |
| Average True Range in percent/ATR (20) | 12.24 | HIGH VOLATILITY | The high ATR as a percentage value for RNAZ suggests high volalility. |
| Average Directional Index/ADX (14) | 43.1 | POSITIVE | The high ADX value value for RNAZ suggests a strong trend. |
12.69
-0.45 (-3.42%)
TRANSCODE THERAPEUTICS INC / RNAZ FAQ
What is the ChartMill technical rating of TRANSCODE THERAPEUTICS INC (RNAZ) stock?
ChartMill assigns a technical rating of 4 / 10 to RNAZ.
What is the current trend direction of TRANSCODE THERAPEUTICS INC (RNAZ) stock?
The current trend direction for TRANSCODE THERAPEUTICS INC (RNAZ) is Bearish.
What is the RSI signal for RNAZ stock?
TRANSCODE THERAPEUTICS INC (RNAZ) has an RSI value of 49.0323. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRANSCODE THERAPEUTICS INC?
The MACD indicator for TRANSCODE THERAPEUTICS INC (RNAZ) has a value of -0.231929, indicating a bearish trend.
What is the support and resistance level for RNAZ stock?
TRANSCODE THERAPEUTICS INC (RNAZ) has a support level at 12.42 and a resistance level at 14.45. Check the full technical report for our detailed analysis of RNAZ support and resistance levels.