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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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: 97% of all stocks are doing better.
TRDA is one of the lesser performing stocks in the Biotechnology industry. 81% of 551 stocks in the same industry do better.
TRDA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month TRDA has a been trading in the 5.62 - 7.62 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
The technical rating of TRDA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.86
6.83
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.36 to 6.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.65 from a horizontal line in the daily time frame.
- Resistance @6.76 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 TRDA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRDA is down. |
| ChartMill Relative Strength | 3.44 | NEGATIVE | TRDA has a low relative strength, it was outperformed by 96.56% 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) | 38.13 | 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) | 15.23 | OVERSOLD | The low Stochastics value suggests TRDA may be oversold. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for TRDA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.25 | 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)
5.92
+0.12 (+2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.07%
1 Week-4.98%
2 Weeks-3.58%
1 Month-15.06%
3 Month-29.36%
6 Month-54.25%
12 Month-57.77%
2 Year-59.78%
3 Year-53.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%6.66%
ATR Inc-6.64%
Range Today0.42
ADR(20)0.38
ADR(20)%6.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.44
Mansfield-5.66
10 Day High6.81
10 Day Low5.62
20 Day High7.62
20 Day Low5.62
52 Week High21.79
52 Week Low5.62
CS1 EndN/A
CR1 Start6.36
Volume & EV
DER(3)0.91%
DER(5)-1.06%
Volume304.70K
Volume Incr90.42%
Vol(5)259.38K
Vol(50)151.13K