TRANSCODE THERAPEUTICS INC (RNAZ) Stock Technical Analysis
USA - NASDAQ:RNAZ - US89357L5012 - Common Stock
10.17 USD
+0.25 (+2.52%)
11 USD
+0.83 (+8.16%)
Overall RNAZ gets a technical rating of 3 out of 10. RNAZ'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RNAZ is a bad performer in the overall market: 95% of all stocks are doing better.
RNAZ is part of the Biotechnology industry. There are 538 other stocks in this industry, of which 77% 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 9.29 - 11.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, RNAZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
9.32
11.71
When analyzing the support we can see 2 important areas.
- Support @9.72 from a horizontal line in the weekly time frame.
- Support @9.41 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.78 to 10.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.40 from a trend line in the daily time frame.
- Resistance @11.59 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for RNAZ is down. |
| ChartMill Relative Strength | 5.44 | NEGATIVE | RNAZ has a low relative strength, it was outperformed by 94.56% 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 | MIXED | The current price of RNAZ is below 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) | 45.13 | 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) | 14.97 | OVERSOLD | The low Stochastics value suggests RNAZ may be oversold. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for RNAZ suggests high volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for RNAZ 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)
10.17
+0.25 (+2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.52%
1 Week-13%
2 Weeks-4.95%
1 Month2.94%
3 Month27.6%
6 Month-25.87%
12 Month-98.29%
2 Year-99.95%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%6.7%
ATR Inc-16.71%
Range Today0.46
ADR(20)0.64
ADR(20)%6.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.44
Mansfield-9.3
10 Day High11.88
10 Day Low9.81
20 Day High11.88
20 Day Low9.29
52 Week High739.2
52 Week Low6.15
CS1 End9.72
CR1 Start10.78
Volume & EV
DER(3)6.61%
DER(5)-2.26%
Volume27.30K
Volume Incr54.67%
Vol(5)16.56K
Vol(50)107.66K