Technical Analysis for CRDL - Cardiol Therapeutics Inc.

Grade Last Price % Change Price Change
B 2.00 1.01% 0.02
CRDL closed up 1.01 percent on Wednesday, May 8, 2024, on 75 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 17
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Calm After Storm Range Contraction 1.01%
NR7 Range Contraction 1.01%
Overbought Stochastic Strength 1.01%
Stochastic Sell Signal Bearish -0.99%
Calm After Storm Range Contraction -0.99%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 11 hours ago
Down 1% about 12 hours ago
60 Minute Opening Range Breakdown about 14 hours ago
Up 1% about 15 hours ago
Possible NR7 1 day ago

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Profile

Cardiol Therapeutics Inc. Description

Cardiol Therapeutics, Inc. is a clinical-stage life sciences company focused on the research and clinical of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. Its lead product candidate, CardiolRx, is a pharmaceutically manufactured oral cannabidiol formulation that is being clinically developed for use in heart diseases. The firm is conducting clinical studies to evaluate the efficacy and safety of CardiolRx in diseases affecting the heart: a Phase II multi-national, randomized, double-blind, placebo-controlled trial (the ARCHER trial) in acute myocarditis; and a Phase II multi-center open-label pilot study in recurrent pericarditis. It is also involved in developing a novel subcutaneously administered drug formulation of cannabidiol intended for use in heart failure. The company was founded by David Elsley, Eldon Smith, and Anthony Bolton on January 19, 2017 and is headquartered in Oakville, Canada.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Disease Clinical Research Heart Failure Orphan Drug Heart Disease Cannabidiol

Is CRDL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.17
52 Week Low 0.55
Average Volume 321,807
200-Day Moving Average 1.18
50-Day Moving Average 1.77
20-Day Moving Average 1.87
10-Day Moving Average 1.94
Average True Range 0.14
RSI (14) 58.33
ADX 23.79
+DI 19.00
-DI 11.62
Chandelier Exit (Long, 3 ATRs) 1.65
Chandelier Exit (Short, 3 ATRs) 1.98
Upper Bollinger Bands 2.10
Lower Bollinger Band 1.63
Percent B (%b) 0.78
BandWidth 25.24
MACD Line 0.07
MACD Signal Line 0.06
MACD Histogram 0.0099
Fundamentals Value
Market Cap 130.23 Million
Num Shares 65.1 Million
EPS -0.32
Price-to-Earnings (P/E) Ratio -6.25
Price-to-Sales 1069.35
Price-to-Book 2.71
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.09
Resistance 3 (R3) 2.08 2.05 2.08
Resistance 2 (R2) 2.05 2.02 2.05 2.07
Resistance 1 (R1) 2.02 2.01 2.01 2.03 2.06
Pivot Point 1.99 1.99 1.98 1.99 1.99
Support 1 (S1) 1.96 1.96 1.95 1.97 1.94
Support 2 (S2) 1.93 1.95 1.93 1.93
Support 3 (S3) 1.90 1.93 1.93
Support 4 (S4) 1.91