We assign a technical rating of 6 out of 10 to TRDA. TRDA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, TRDA did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- TRDA is part of the Biotechnology industry. There are 523 other stocks in this industry, TRDA did better than 65% of them.
- TRDA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRDA is lagging the market.
- In the last month TRDA has a been trading in the 9.33 - 12.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRDA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 10.12, a Stop Loss order could be placed below this zone.
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9.75
When analyzing the support we notice one important area.
- A support zone ranging from 9.85 to 10.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @11.45 from a horizontal line in the weekly time frame.
- Resistance @11.86 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 | DOWN | NEGATIVE | The short term trend for TRDA is down. |
| ChartMill Relative Strength | 76.18 | POSITIVE | TRDA has a high relative strength, it outperformed 76.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRDA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRDA is below 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) | 47.46 | NEUTRAL | The RSI value for TRDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TRDA has a negative trend. |
| Stochastics (14,3) | 23.9 | NEUTRAL | The Stochastics value for TRDA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for TRDA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.13 | 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 |
|---|---|---|---|
| 11.46 | 9.84 | 1.62 (14.14%) | 7.07% |
| An entry @11.46. This is a Buy Stop order right above the resistance zone. | An exit @9.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.62 points, which is 14.14%. | When investing 7.07% 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.
10.6
+0.53 (+5.26%)
ENTRADA THERAPEUTICS INC / TRDA FAQ
Can you provide the ChartMill technical rating for ENTRADA THERAPEUTICS INC?
ChartMill assigns a technical rating of 6 / 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 47.4649. 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 negative.
What is the buy/sell signal for ENTRADA THERAPEUTICS INC (TRDA) stock?
The buy/sell signal for ENTRADA THERAPEUTICS INC (TRDA) is hold as the short term and long term trends are mixed.