TRANSCODE THERAPEUTICS INC (RNAZ) Stock Technical Analysis
NASDAQ:RNAZ - Nasdaq - US89357L4023 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, RNAZ is a bad performer in the overall market: 97% of all stocks are doing better.
RNAZ is one of the lesser performing stocks in the Biotechnology industry. 78% of 556 stocks in the same industry do better.
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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month RNAZ has a been trading in the 7.41 - 17.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNAZ has an average technical rating and it also does not offer a high 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
6.63
11.86
When analyzing the support we notice one important area.
- Support @6.70 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 | UP | POSITIVE | The short term trend for RNAZ is up. |
| ChartMill Relative Strength | 3.72 | NEGATIVE | RNAZ has a low relative strength, it was outperformed by 96.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNAZ is above 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) | 67.98 | NEUTRAL | The RSI value for RNAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests RNAZ has a positive trend. |
| Stochastics (14,3) | 35.83 | NEUTRAL | The Stochastics value for RNAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 9.88 | HIGH VOLATILITY | The high ATR as a percentage value for RNAZ suggests high volalility. |
| Average Directional Index/ADX (14) | 33.17 | 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)
11.74
+0.74 (+6.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.73%
1 Week18.11%
2 Weeks35.18%
1 Month43%
3 Month10.34%
6 Month-94.04%
12 Month-95.7%
2 Year-99.99%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%9.88%
ATR Inc22.72%
Range Today1.55
ADR(20)1.05
ADR(20)%8.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.72
Mansfield-9.4
10 Day High17.24
10 Day Low8.28
20 Day High17.24
20 Day Low7.41
52 Week High739.2
52 Week Low6.15
CS1 End6.7
CR1 StartN/A
Volume & EV
DER(3)-3.31%
DER(5)-6.33%
Volume66.10K
Volume Incr3187.73%
Vol(5)883.74K
Vol(50)156.01K