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Codexis, Inc. (CDXS) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Major Chemicals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiMon, 20 Nov 201710.26%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.45 0.00 (0%) Nov 28 4:00pm EST
Open: 6.15 Range: 6.05 - 6.55 Vol: 133.66K Avg Vol: 189.81K
EPS: -0.41 P/E ratio: 0.00 EBITDA: -15.16M Mkt Cap: 297.19M
Analyze "CDXS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 6.21
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 6.17
Last Trade is below the 50 day moving average at 6.51
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 5.27
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CDXS

Stock Trend Analysis - Buy, Sell or Hold "Codexis, Inc." (CDXS)?

CDXS is in a very strong uptrend. In the last 52 weeks, CDXS has been trading above the 200 day moving average for 85% of the time with an average daily volume of 189.8K shares being traded. The 50 day moving average, currently at 6.51, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. CDXS was only able to maintain above the 20 SMA for 42.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in CDXS is near the 200 SMA currently at 5.27. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CDXS".

The analyst consensus estimates for the 1 year price target for this stock is $8.13* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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