CODERE ONLINE LUXEMBOURG SA (CDRO) Stock Technical Analysis
NASDAQ:CDRO - Nasdaq - LU2405144788 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CDRO. In the past year, CDRO was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CDRO has a been trading in the 6.66 - 8.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that CDRO is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, CDRO also shows a nice and consistent pattern of rising prices. However, CDRO's most recent performance is quite weak.
CDRO is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 62% of 135 stocks in the same industry.
CDRO is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
CDRO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.59, a Stop Loss order could be placed below this zone.
More info and screens
6.75
8.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.55 to 7.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.82 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @8.15 from a horizontal line in the daily time frame.
- Resistance @8.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.50 to 8.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.68 to 8.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.28
Mansfield-0.17
10 Day High8.25
10 Day Low7.04
20 Day High8.5
20 Day Low6.66
52 Week High8.76
52 Week Low5.75
Performance
1 Week-4.04%
2 Weeks-7.2%
1 Month11.76%
3 Month-3.8%
6 Month-1.43%
12 Month12.93%
2 Year150%
3 Year49.9%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)52.88
LBB7.32
UBB8.39
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 |
|---|---|---|---|
| 8.16 | 7.54 | 0.62 (7.60%) | 13.16% |
| An entry @8.16. This is a Buy Stop order right above the resistance zone. | An exit @7.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.62 points, which is 7.60%. | When investing 13.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CDRO. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:CDRO (3/7/2025, 8:11:24 PM)
7.6
-0.09 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.17%
1 Week-4.04%
2 Weeks-7.2%
1 Month11.76%
3 Month-3.8%
6 Month-1.43%
12 Month12.93%
2 Year150%
3 Year49.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%6.15%
ATR Inc-29.65%
Range Today0.36
ADR(20)0.46
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.28
Mansfield-0.17
10 Day High8.25
10 Day Low7.04
20 Day High8.5
20 Day Low6.66
52 Week High8.76
52 Week Low5.75
CS1 End7.59
CR1 Start8.15
Volume & EV
DER(3)-15.92%
DER(5)-12.99%
Volume19.40K
Volume Incr-65.56%
Vol(5)20.18K
Vol(50)50.16K