CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Technical Analysis
NASDAQ:CRDO - Nasdaq - KYG254571055 - Common Stock - Currency: USD
Overall CRDO gets a technical rating of 3 out of 10. Although CRDO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CRDO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
CRDO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 98% of 109 stocks in the same industry.
CRDO has an average volume of 5662180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CRDO is one of the better performing stocks in the market, outperforming 92% of all stocks. However, we also see that CRDO couldn't keep up this performance in the last couple of months.
In the last month CRDO has a been trading in the 29.09 - 50.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CRDO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.28, a Stop Loss order could be placed below this zone.
More info and screens
32.96
38.81
We found 2 important support areas.
- A support zone ranging from 34.00 to 34.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.29 to 33.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 38.00 to 38.43. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS92.89
Mansfield-0.62
10 Day High44.28
10 Day Low33.04
20 Day High50.48
20 Day Low29.09
52 Week High86.69
52 Week Low16.91
Performance
1 Week-5.32%
2 Weeks3.09%
1 Month-26.74%
3 Month-54%
6 Month-5.51%
12 Month99.46%
2 Year356.47%
3 Year235.33%
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)0.41
RSI(14)42.42
LBB32.39
UBB43.25
37.02
+2.16 (+6.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg6.2%
1 Week-5.32%
2 Weeks3.09%
1 Month-26.74%
3 Month-54%
6 Month-5.51%
12 Month99.46%
2 Year356.47%
3 Year235.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.69
ATR(20)%11.39%
ATR Inc-31.78%
Range Today2.03
ADR(20)3.56
ADR(20)%9.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.89
Mansfield-0.62
10 Day High44.28
10 Day Low33.04
20 Day High50.48
20 Day Low29.09
52 Week High86.69
52 Week Low16.91
CS1 End34.28
CR1 Start38
Volume & EV
DER(3)0.81%
DER(5)1.24%
Volume4.45M
Volume Incr-33.56%
Vol(5)3.29M
Vol(50)5.66M