CBDMD INC (YCBD) Stock Technical Analysis
USA - NYSEARCA:YCBD - US12482W4087 - Common Stock
We assign a technical rating of 1 out of 10 to YCBD. YCBD'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.
YCBD has a poor technical rating and the quality of the setup is also not perfect 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
0.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.98 from a trend line in the daily time frame.
- Resistance @1.25 from a trend line in the daily time frame.
- Resistance @1.28 from a trend line in the weekly 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 YCBD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YCBD is down. |
| ChartMill Relative Strength | 6.7 | NEGATIVE | YCBD has a low relative strength, it was outperformed by 93.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YCBD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of YCBD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YCBD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.6 | NEUTRAL | The RSI value for YCBD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests YCBD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.99 | OVERSOLD | The low Stochastics value suggests YCBD may be oversold. |
| Average True Range in percent/ATR (20) | 12.67 | HIGH VOLATILITY | The high ATR as a percentage value for YCBD suggests high volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for YCBD suggests a possible start of a new trend. |
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CBDMD INC / YCBD FAQ
What is the ChartMill technical rating of CBDMD INC (YCBD) stock?
ChartMill assigns a technical rating of 1 / 10 to YCBD.
What is the trend direction for YCBD stock?
The current trend direction for CBDMD INC (YCBD) is Bearish.
What is the RSI signal for CBDMD INC (YCBD) stock?
CBDMD INC (YCBD) has an RSI value of 38.6025. This indicates that the stock is currently neutral.
What is the buy/sell signal for YCBD stock?
The buy/sell signal for CBDMD INC (YCBD) is sell as both the short term and long term trends are negative.
What is the support and resistance level for YCBD stock?
CBDMD INC (YCBD) has a support level at 0.8 and a resistance level at 0.98. Check the full technical report for our detailed analysis of YCBD support and resistance levels.