ENTRADA THERAPEUTICS INC (TRDA) Stock Technical Analysis
NASDAQ:TRDA - Nasdaq - US29384C1080 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to TRDA. TRDA'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TRDA is a bad performer in the overall market: 94% of all stocks are doing better.
TRDA is part of the Biotechnology industry. There are 560 other stocks in this industry, of which 65% are performing better than TRDA.
TRDA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TRDA is lagging the market.
TRDA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, TRDA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.55, a Stop Loss order could be placed below this zone.
More info and screens
7.42
18.01
When analyzing the support we notice one important area.
- A support zone ranging from 7.49 to 7.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.78 to 7.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.18 to 8.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.83 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 TRDA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRDA is down. |
| ChartMill Relative Strength | 6.84 | NEGATIVE | TRDA has a low relative strength, it was outperformed by 93.16% 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) | DOWN | NEGATIVE | The current price of TRDA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRDA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.42 | NEUTRAL | The RSI value for TRDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRDA has a negative trend. |
| Stochastics (14,3) | 19.59 | OVERSOLD | The low Stochastics value suggests TRDA may be oversold. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for TRDA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for TRDA 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)
7.6
-0.3 (-3.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.8%
1 Week-0.26%
2 Weeks-6.4%
1 Month-16.02%
3 Month-36.35%
6 Month-61.79%
12 Month-50.87%
2 Year-33.68%
3 Year12.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%6.51%
ATR Inc-38.4%
Range Today0.3
ADR(20)0.48
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.84
Mansfield-4.83
10 Day High8.4
10 Day Low7.42
20 Day High9.41
20 Day Low7.42
52 Week High21.79
52 Week Low7.1
CS1 End7.55
CR1 Start7.78
Volume & EV
DER(3)-3.27%
DER(5)-1.92%
Volume360.70K
Volume Incr25.97%
Vol(5)163.78K
Vol(50)150.64K