THREDUP INC - CLASS A (TDUP) Stock Technical Analysis
NASDAQ:TDUP • US88556E1029
Taking everything into account, TDUP scores 2 out of 10 in our technical rating. Although TDUP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- TDUP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month TDUP has a been trading in the 4.23 - 5.45 range, which is quite wide. It is currently trading near the lows of this range.
- TDUP is part of the Specialty Retail industry. There are 123 other stocks in this industry. TDUP outperforms 84% of them.
- TDUP has an average volume of 1845610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, TDUP did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although the technical rating is bad, TDUP does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
4.44
When analyzing the support we can see 2 important areas.
- Support @4.63 from a horizontal line in the weekly time frame.
- Support @4.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.65 to 4.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.24 from a horizontal line in the daily time frame.
- Resistance @6.25 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 TDUP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TDUP is down. |
| ChartMill Relative Strength | 84.6 | POSITIVE | TDUP has a high relative strength, it outperformed 84.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TDUP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TDUP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TDUP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.21 | NEUTRAL | The RSI value for TDUP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TDUP has a positive trend. |
| Stochastics (14,3) | 28.78 | NEUTRAL | The Stochastics value for TDUP is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for TDUP suggests high volalility. |
| Average Directional Index/ADX (14) | 38.37 | POSITIVE | The high ADX value value for TDUP suggests a strong trend. |
4.64
+0.15 (+3.34%)
THREDUP INC - CLASS A / TDUP FAQ
What is the ChartMill technical rating of THREDUP INC - CLASS A (TDUP) stock?
ChartMill assigns a technical rating of 2 / 10 to TDUP.
Can you provide the trend direction for THREDUP INC - CLASS A?
The current trend direction for THREDUP INC - CLASS A (TDUP) is Bearish.
What is the RSI signal for TDUP stock?
THREDUP INC - CLASS A (TDUP) has an RSI value of 40.2119. This indicates that the stock is currently neutral.
What is the short term momentum for TDUP stock?
The short term momentum for THREDUP INC - CLASS A (TDUP) is negative.
Can you provide the support and resistance levels for THREDUP INC - CLASS A?
THREDUP INC - CLASS A (TDUP) has a support level at 4.63 and a resistance level at 4.65. Check the full technical report for our detailed analysis of TDUP support and resistance levels.