CareDx Stock Forecast

Weaker technical forecast for CareDx as stock downgraded to Strong Sell Candidate.
(Updated on Apr 26, 2024)

CDNA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CareDx stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.98 and $9.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for CareDx stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.420 between high and low, or 5.66%. For the last week, the stock has had daily average volatility of 5.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CDNA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect CareDx to open at $7.61, and during the day (based on 14 day Average True Range), to move between $7.02 and $8.10, which gives a possible trading interval of +/-$0.537 (+/-7.10%) up or down from last closing price. If CareDx takes out the full calculated possible swing range there will be an estimated 14.20% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $8.23, some $0.670 (8.86%) from the current price of $7.56, our system finds the risk reward not very attractive.

Is CareDx stock A Buy?

CareDx holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.070 Strong Sell Candidate Downgraded

Predicted Opening Price for CareDx of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.