Credo Technology Group Holding Ltd (CRDO)

Credo Technology Group Holding Ltd is trading at $162.77, down 10.70% on the session. The 50 day average sits at $206.02 and the 200 day at $180.18, which puts the stock in a uptrend. RSI is at 37.2, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $149.14 with resistance near $214.87, so that band frames the current range. Average daily movement is roughly $14.79, or about 9.1% of the share price, which is what any stop placement has to allow for. The overall health score of 30 out of 100 combines a trend score of 33, momentum of 33 and a risk score of 22.

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.