ENTRADA THERAPEUTICS INC (TRDA) Technical Analysis
NASDAQ:TRDA • US29384C1080
Current stock price
TRDA Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to TRDA. In the last year, TRDA was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- TRDA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRDA is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that TRDA is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- TRDA is part of the Biotechnology industry. There are 519 other stocks in this industry, TRDA did better than 65% of them.
- In the last month TRDA has a been trading in the 10.96 - 13.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRDA Weekly and Daily overview Charts
TRDA Setup Rating and Analysis
TRDA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 11.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRDA 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
TRDA Support and Resistance Analysis
9.75
We found 3 important support areas.
- A support zone ranging from 11.58 to 11.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.28 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.70 from a horizontal line in the weekly time frame.
TRDA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for TRDA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRDA is neutral. |
| ChartMill Relative Strength | 83.16 | POSITIVE | TRDA has a high relative strength, it outperformed 83.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRDA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRDA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.73 | NEUTRAL | The RSI value for TRDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TRDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.07 | NEUTRAL | The Stochastics value for TRDA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.1 | HIGH VOLATILITY | The high ATR as a percentage value for TRDA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.12 | NEGATIVE | The low ADX value for TRDA suggests a weak or negative trend. |
TRDA Chart- and CandleStick Pattern Analysis
TRDA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.71 | 11.57 | 1.14 (8.97%) | 11.15% |
| An entry @12.71. This is a Buy Stop order right above the resistance zone. | An exit @11.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.14 points, which is 8.97%. | For a 1.00% total portfolio risk, you can invest 11.15% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRDA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TRDA Technicals: Chart, Performance Metrics, Trend & Indicators
11.93
-0.38 (-3.09%)
ENTRADA THERAPEUTICS INC / TRDA TA FAQ
Can you provide the ChartMill technical rating for ENTRADA THERAPEUTICS INC?
ChartMill assigns a technical rating of 7 / 10 to TRDA.
What is the trend direction for TRDA stock?
The current trend direction for ENTRADA THERAPEUTICS INC (TRDA) is Bullish.
What is the RSI signal for ENTRADA THERAPEUTICS INC (TRDA) stock?
ENTRADA THERAPEUTICS INC (TRDA) has an RSI value of 49.7251. This indicates that the stock is currently neutral.
What is the short term momentum for ENTRADA THERAPEUTICS INC (TRDA) stock?
The short term momentum for ENTRADA THERAPEUTICS INC (TRDA) is neutral.