Technical Analysis for CRDL - Cardiol Therapeutics Inc.

Grade Last Price % Change Price Change
A 1.67 -4.57% -0.08
CRDL closed down 4.57 percent on Thursday, April 18, 2024, on 21 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 oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Strong but Oversold Other 0.00%
Wide Bands Range Expansion 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -4.57%
Wide Bands Range Expansion -4.57%
Fell Below 20 DMA Bearish -2.91%
Wide Bands Range Expansion -2.91%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 13 hours ago
Down 3% about 17 hours ago
Fell Below Previous Day's Low about 17 hours ago
Down 2 % about 17 hours ago
Down 1% about 17 hours 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 0.5412
Average Volume 410,398
200-Day Moving Average 1.10
50-Day Moving Average 1.62
20-Day Moving Average 1.79
10-Day Moving Average 1.83
Average True Range 0.15
RSI (14) 46.81
ADX 33.31
+DI 21.30
-DI 16.58
Chandelier Exit (Long, 3 ATRs) 1.62
Chandelier Exit (Short, 3 ATRs) 1.88
Upper Bollinger Bands 2.09
Lower Bollinger Band 1.49
Percent B (%b) 0.3
BandWidth 33.66
MACD Line 0.05
MACD Signal Line 0.08
MACD Histogram -0.0328
Fundamentals Value
Market Cap 108.74 Million
Num Shares 65.1 Million
EPS -0.32
Price-to-Earnings (P/E) Ratio -5.22
Price-to-Sales 1069.35
Price-to-Book 2.71
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.80
Resistance 3 (R3) 1.81 1.78 1.78
Resistance 2 (R2) 1.78 1.75 1.77 1.77
Resistance 1 (R1) 1.73 1.73 1.71 1.71 1.76
Pivot Point 1.70 1.70 1.69 1.69 1.70
Support 1 (S1) 1.64 1.66 1.63 1.63 1.58
Support 2 (S2) 1.61 1.64 1.60 1.57
Support 3 (S3) 1.56 1.61 1.56
Support 4 (S4) 1.54