Technical Analysis for CRDO - Credo Technology Group Holding Ltd
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 24.87 | 2.51% | 0.61 |
CRDO closed down 0.49 percent on Monday, September 9, 2024, on 1.33 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| MACD Bearish Centerline Cross | Bearish | 2.51% | |
| Calm After Storm | Range Contraction | 2.51% | |
| NR7 | Range Contraction | 2.51% | |
| Inside Day | Range Contraction | 2.51% | |
| Wide Bands | Range Expansion | 2.51% | |
| Down 3 Days in a Row | Weakness | 2.51% | |
| Down 4 Days in a Row | Weakness | 2.51% | |
| Down 5 Days in a Row | Weakness | 2.51% | |
| Oversold Stochastic | Weakness | 2.51% | |
| Volume Surge | Other | 2.01% |
| Alert | Time |
|---|---|
| Possible NR7 | about 2 hours ago |
| Possible Inside Day | about 2 hours ago |
| 60 Minute Opening Range Breakout | about 5 hours ago |
| Up 3% | about 5 hours ago |
| 1.5x Volume Pace | about 5 hours ago |
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- Earnings date: 08/22/2024
Credo is a leading provider of high-performance serial connectivity solutions for the hyperscale datacenter, 5G carrier, enterprise networking, artificial intelligence, and high-performance computing markets. Credo's solutions deliver the bandwidth, scalability, and end-to-end signal integrity for next-generation platforms requiring 25G, 50G, and 100G signal lane-rate connectivity for 100G, 200G, 400G, and 800G port-enabled networks.
Sector: Technology
Industry: Communication Equipment
Keywords: Computing Ethernet 5g
Classification
Sector: Technology
Industry: Communication Equipment
Keywords: Computing Ethernet 5g
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 36.8049 |
| 52 Week Low | 13.38 |
| Average Volume | 2,266,965 |
| 200-Day Moving Average | 23.30 |
| 50-Day Moving Average | 30.19 |
| 20-Day Moving Average | 31.55 |
| 10-Day Moving Average | 31.37 |
| Average True Range | 2.17 |
| RSI (14) | 31.97 |
| ADX | 27.32 |
| +DI | 15.97 |
| -DI | 37.93 |
| Chandelier Exit (Long, 3 ATRs) | 30.29 |
| Chandelier Exit (Short, 3 ATRs) | 30.60 |
| Upper Bollinger Bands | 39.05 |
| Lower Bollinger Band | 24.05 |
| Percent B (%b) | 0.01 |
| BandWidth | 47.54 |
| MACD Line | -0.46 |
| MACD Signal Line | 0.78 |
| MACD Histogram | -1.2431 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.91 | ||||
| Resistance 3 (R3) | 26.09 | 25.71 | 25.64 | ||
| Resistance 2 (R2) | 25.71 | 25.29 | 25.63 | 25.54 | |
| Resistance 1 (R1) | 24.99 | 25.03 | 24.80 | 24.81 | 25.45 |
| Pivot Point | 24.61 | 24.61 | 24.52 | 24.53 | 24.61 |
| Support 1 (S1) | 23.89 | 24.19 | 23.70 | 23.71 | 23.07 |
| Support 2 (S2) | 23.51 | 23.93 | 23.43 | 22.98 | |
| Support 3 (S3) | 22.79 | 23.51 | 22.89 | ||
| Support 4 (S4) | 22.61 |
