RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CODX
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Stronger technical forecast for Company-Diagnostics Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Company-Diagnostics Inc stock price fell by -0.448% on the last day (Wednesday, 27th Mar 2024) from $1.12 to $1.11. During the last trading day the stock fluctuated 3.70% from a day low at $1.08 to a day high of $1.12. The price has been going up and down for this period, and there has been a -5.93% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 39 thousand shares were bought and sold for approximately $43.84 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.93% during the next 3 months and, with a 90% probability hold a price between $0.82 and $0.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CODX Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 4.72%. 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 Company-Diagnostics Inc 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 $1.13 and $1.15. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Company-Diagnostics Inc stock

Company-Diagnostics Inc finds support from accumulated volume at $1.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0400 between high and low, or 3.70%. For the last week the stock has had daily average volatility of 5.04%.

Our recommended stop-loss: $1.06 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (CODX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Company-Diagnostics Inc to open at $1.10, and during the day (based on 14 day Average True Range), to move between $1.05 and $1.17, which gives a possible trading interval of +/-$0.0612 (+/-5.52%) up or down from last closing price. If Company-Diagnostics Inc takes out the full calculated possible swing range there will be an estimated 11.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.10 (0.90%) than the resistance at $1.13 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Company-Diagnostics Inc stock A Buy?

Company-Diagnostics Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.759 Hold/Accumulate Upgraded

Predicted Opening Price for Company-Diagnostics Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.10 ( 0.601%) $1.11

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

Trading levels for CODX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.14 3.00 %
R2 1.13 1.63 %
R1 1.12 0.776 %
Current price: 1.11
Support S1 1.09 -1.98 %
S2 1.08 -2.83 %
S3 1.06 -4.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.33 19.82 %
R2 1.31 18.02 %
R1 1.13 1.80 %
Current price 1.11
Support S1 1.10 -0.90%
S2 1.07 -3.60%
S3 1.06 -4.50%

FAQ

What is the symbol for Company-Diagnostics Inc Stock and on which exchange is it traded?
The symbol for Company-Diagnostics Inc is CODX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Company-Diagnostics Inc Stock?
Company-Diagnostics Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Company-Diagnostics Inc Stock?
Company-Diagnostics Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Company-Diagnostics Inc Stock.

What's the current price of Company-Diagnostics Inc Stock?
As of the end of day on the 2024-03-27, the price of an Company-Diagnostics Inc (CODX) share was $1.11.

What is the 52-week high and low for Company-Diagnostics Inc Stock?
The 52-week high for Company-Diagnostics Inc Stock is $1.88 and the 52-week low is $0.98.

What is the market capitalization of Company-Diagnostics Inc Stock?
As of the 2024-03-27, the market capitalization of Company-Diagnostics Inc is 34.698M.

When is the next earnings date for Company-Diagnostics Inc?
The upcoming earnings date for Company-Diagnostics Inc is May 09, 2024.
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About Company-Diagnostics Inc

Company-Diagnostics Co-Diagnostics, Inc., a molecular diagnostics company, develops, manufactures, and sells reagents used for diagnostic tests that function through the detection and/or analysis of nucleic acid molecules in the United States and internationally. It offers polymerase chain reaction (PCR) diagnostic tests for COVID-19, tuberculosis, hepatitis B and C, human papilloma virus, malaria, chikungunya, dengue, and the zika virus; three multiplexed tests to ... CODX Profile

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