ENTRADA THERAPEUTICS INC (TRDA) Technical Analysis
NASDAQ:TRDA • US29384C1080
We assign a technical rating of 8 out of 10 to TRDA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRDA is showing a nice and steady performance.
- 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.
- Looking at the yearly performance, TRDA did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- TRDA is an average performer in the Biotechnology industry, it outperforms 63% of 520 stocks in the same industry.
- In the last month TRDA has a been trading in the 10.18 - 12.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
TRDA has an excellent technical rating and also presents 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 TRDA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.75
3 important support areas can be observed.
- A support zone ranging from 11.46 to 11.61. 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 10.89 to 11.15. 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.
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 | 81.43 | POSITIVE | TRDA has a high relative strength, it outperformed 81.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRDA is above the rising 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) | 59.66 | NEUTRAL | The RSI value for TRDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TRDA has a positive trend. |
| Stochastics (14,3) | 70.84 | NEUTRAL | The Stochastics value for TRDA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for TRDA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for TRDA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.94 | 11.45 | 1.49 (11.51%) | 8.68% |
| An entry @12.94. This is a Buy Stop order right above the 10 day high. | An exit @11.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.49 points, which is 11.51%. | When investing 8.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
12.58
+0.96 (+8.26%)
ENTRADA THERAPEUTICS INC / TRDA FAQ
Can you provide the ChartMill technical rating for ENTRADA THERAPEUTICS INC?
ChartMill assigns a technical rating of 8 / 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 59.6601. 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.