TRANSCODE THERAPEUTICS INC (RNAZ) Stock Technical Analysis
NASDAQ:RNAZ - Nasdaq - US89357L4023 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to RNAZ. RNAZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than RNAZ.
RNAZ is part of the Biotechnology industry. There are 555 other stocks in this industry, of which 87% 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month RNAZ has a been trading in the 6.75 - 8.48 range, which is quite wide. It is currently trading near the high of this range.
RNAZ has an average volume of 3677260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RNAZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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.
More info and screens
6.63
8.38
2 important support areas can be observed.
- A support zone ranging from 7.49 to 7.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.30 to 8.30. 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 | 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 | 1.25 | NEGATIVE | RNAZ has a low relative strength, it was outperformed by 98.75% 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) | DOWN | NEGATIVE | The current price of RNAZ is below a declining 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) | 50.43 | NEUTRAL | The RSI value for RNAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests RNAZ has a positive trend. |
| Stochastics (14,3) | 64.35 | NEUTRAL | The Stochastics value for RNAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for RNAZ suggests high volalility. |
| Average Directional Index/ADX (14) | 10.94 | NEGATIVE | The low ADX value for RNAZ 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)
NASDAQ:RNAZ (7/2/2025, 8:00:02 PM)
8.29
+0.79 (+10.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg10.53%
1 Week8.22%
2 Weeks21.55%
1 Month18.01%
3 Month-35.38%
6 Month-91.87%
12 Month-98.82%
2 Year-99.99%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%7.38%
ATR Inc19.22%
Range Today0.61
ADR(20)0.59
ADR(20)%7.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.25
Mansfield-9.64
10 Day High8.48
10 Day Low6.8
20 Day High8.48
20 Day Low6.75
52 Week High905.52
52 Week Low6.15
CS1 End6.81
CR1 Start8.22
Volume & EV
DER(3)-0.53%
DER(5)3.79%
Volume23.10K
Volume Incr-25.75%
Vol(5)26.40K
Vol(50)3.68M