Credo Technology Group Holding Ltd (CRDO)

Credo Technology Group Holding Ltd is trading at $150.99, down 8.65% on the session. The 50 day average sits at $188.40 and the 200 day at $181.07, which puts the stock in a uptrend. RSI is at 38.2, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $149.14 with resistance near $189.88, so that band frames the current range. Average daily movement is roughly $15.37, or about 10.2% of the share price, which is what any stop placement has to allow for. The overall health score of 28 out of 100 combines a trend score of 30, momentum of 20 and a risk score of 34.

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets. The company offers ZeroFlap (ZF) active electrical cables and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, as well as integrated circuits, active electrical cables, and SerDes chiplets. It also provides intellectual property (IP) solutions, including SerDes IP licensing. The company offers was founded in 2008 and is headquartered in Grand Cayman, the Cayman Islands.