CDRO Price Chart
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50 DMA150 DMA200 DMA
CDROCodere Online Luxembourg, S.A.
$7.66
Financials
AVOID
Investment Thesis
CDRO is a market laggard (RS 59/99, Top 41%) with strong fundamentals. avoid chasing - protect capital. Smart traders skip this one until the setup improves.
Weak relative strength + ordinary growth = Pass
Key Takeaways
- Earnings strong
- RS 59 - market laggard
- VCP forming
- Wait & watch
Earnings Momentum
Earnings Growing
Price Structure
Partial AlignmentPrice
$7.66
✓→
50 DMA
$7.05
→
100 DMA
$7.14
→
150 DMA
$7.49
✓→
200 DMA
$7.45
Alignment Score: 2/4
LEADERSHIP TEST FAILED
RS Rating 59/99 is in Bottom 59% of market. Minervini target: Top 20% (RS 80+)
Why Not BUY Yet?
RS Rating
59 (Top 41%)→>80 (Top 20%)
Entry Point
Broke out 24mo ago, now +141%→Wait for pullback or new base
What Would Change Our Mind?
To turn bullish on CDRO, we need:
- RS Rating: >80 (Top 20%)(currently 59 (Top 41%))
- Entry Point: Wait for pullback or new base(currently Broke out 24mo ago, now +141%)
- Fresh Entry: Pullback to 50 DMA or new base formation(currently Extended +141% from 24mo ago breakout)
Twin Engines Dashboard
Technical Health
RS Rating
59/99
Top 41% (Need 80+)
Trend
Weak Uptrend
Above 200 DMA
RSI (14)
52
NEUTRAL
VCP Setup
WARM
Score: 6/9
Volume
4K
-89% vs avg
From Entry
+140.9%
$3.18
Fundamental Horsepower
EPS Qtr YoY
+285%
Accelerating
EPS 3Y CAGR
N/A
Annual Earnings
Revenue Qtr
+13%
MODERATE
F-Score
7/9
Piotroski Quality
ROE
17%
Return on Equity
EPS Rank
88/99
Percentile
Trade Plan
Lost MomentumBreakout Date2024-01-03742 days ago
Entry Was$3.18Breakout price
Gain Since+141%From entry
Reclaim$7.7221 EMA support
If/Then Playbook
IF: RS Rating improves to >80
THEN: Re-evaluate for WATCHLIST
IF: Price closes below 200 DMA
THEN: Remove from radar entirely
IF: EPS growth accelerates to >40% next quarter
THEN: Reassess as potential turnaround
Key Price Levels
Resistance
- 20 DMA$7.88+2.9%
- Pivot$8.25+7.7%
- 52W High$8.75+14.2%
Current$7.66
Support
- 200 DMA$7.45-2.8%
- 50 DMA$7.05-7.9%
- 52W Low$5.18-32.4%
More CDRO Analysis
Frequently Asked Questions
Is CDRO stock a buy now?
CDRO is a market laggard (RS 59/99, Top 41%) with strong fundamentals. avoid chasing - protect capital. Smart traders skip this one until the setup improves.
What is the buy point for CDRO?
CDRO broke out at $3.18 24 month(s) ago and is now +141% extended. Wait for a pullback to the 21 EMA or a new base pattern.
What is CDRO's RS Rating?
CDRO has an RS Rating of 59/99, meaning it's in the Top 41% of all stocks for relative price performance over the past 12 months. Minervini recommends RS 80+ for momentum trades.
Important Disclosure: This analysis is for educational and informational purposes only. Technical and fundamental indicators are based on historical data and do not guarantee future performance. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.