Stock Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
Codiak BioSciences, Inc. (NASDAQ:CDAK)
Countertrend Down (-85) - CDAK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CDAK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CDAK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CDAK
The long-term trend has been DOWN since Oct 5th, 2021 at 15.2500
The intermediate-term trend has been DOWN since Jul 26th, 2022 at 2.5400
The short-term trend has been UP since Aug 12th, 2022 at 2.4938
Smart Scan Analysis for CDAK
Based on our trend formula, CDAK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||21.1471||52wk High Date||2021-08-12|
|52wk Low||2.21||52wk Low Date||2022-06-07|
|Average Volume||94,030||Shares Outstanding||22,662|