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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)
Long-Term Downtrend (-90) - CRDO is in a strong downtrend that is likely to continue. While CRDO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CRDO?
MarketClub looks at technical strength and momentum to determine if the timing is right for CRDO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CRDO
The long-term trend has been DOWN since Apr 19th, 2024 at 17.36
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 20.31
The short-term trend has been DOWN since May 1st, 2024 at 17.78
Smart Scan Analysis for CRDO
Based on our trend formula, CRDO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.03 | 17.37 | 16.98 | 17.30 | +0.09 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.21 | 1240019 | 2024-05-08 15:59:41 |
| 52wk High | 23.9 | 52wk High Date | 2024-02-28 |
| 52wk Low | 7.44 | 52wk Low Date | 2023-05-09 |
| Average Volume | 1,829,506 | Shares Outstanding | 163,291 |
| Assets | 592,466,000M | Liabilities | 58,499,000M |