Cardiovascular Systems, Inc. ($CSII) And Adynxx, Inc. ($ADYX) Square Off

2019-08-20 | Welcome! Today we compared how two different stocks in the Medical/Dental Instruments industry are trading: Cardiovascular Systems, Inc. and Adynxx, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Cardiovascular Systems, Inc. opened at 47.29, got to a maximum price of 48.41 and dropped to as low as 47.14 before finishing the session at 48.3. In total there were 217300 shares traded, which is enough to conduct our analysis. Compare that now to Adynxx, Inc., which opened at 2.55, had a high of 2.55, a low of 2.55, closed at 2.55 and had a total volume of 2200.0.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Cardiovascular Systems, Inc. Adynxx, Inc.
Accumulation-distribution index 164.90058 82.51211
on-balance volume -47.01 -2.55
chaikin money flow

1.26786 0.40894
force index

1.887 0.0457
ease of movement rating

0.01327 0.00069
volume-price trend

8.4216 -1.37957
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Cardiovascular Systems, Inc. Adynxx, Inc.
Average true range 0.76763 0.59299
Bolinger bands 48.0085 2.9614
Upper bollinger band 45.3215 1.6886
Lower bollinger band

47.14 2.55
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

47.61333 2.55
High band keltner channel

46.49333 2.55
Low band keltner channel

48.73333 2.55
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

47.14 2.55
Donchain channel low band

47.14 2.55
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Cardiovascular Systems, Inc. Adynxx, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.0101
MACD signal -0.01184 -0.00561
MACD difference -0.00947 -0.00449
fast Exponential Moving Average (EMA) indicator

47.14 2.55
slow Exponential Moving Average (EMA) indicator

47.14 2.55
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.3179 0.19536
trix

11.76887 -43.3624
Mass Index (MI)

1.0 2.952
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-7.00636 4.54326
KST Oscillator (KST)

174.57586 -640.50406
KST Oscillator (KST Signal)

174.57586 -640.50406
KST difference

-5.91773 -15.86012
Ichimoku rating

47.85 2.55
Ichimoku B rating

47.85 2.55
Ichimoku visual trend A

42.09862 6.48848
Ichimoku visual trend B

43.75828 5.20319
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Cardiovascular Systems, Inc. Adynxx, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 34.7807
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

97.90396 -9.88302
stochastic oscillator

113.39286 50.0
stochastic oscillator signal

113.39286 50.0
Williams %R rating

13.39286 -50.0
awesome oscillator

-0.08483 0.01408

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Cardiovascular Systems, Inc. and Adynxx, Inc..

Daily return 17.45759 -64.05041
Daily log return -2.03586 -19.4156
Cumulative return -2.01527 -17.64706

So there you have it: our deep, grueling analysis comparing Cardiovascular Systems, Inc. and Adynxx, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Cardiovascular Systems, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether CSII is strong or weak. Again – this is not a reliable indication of whether Cardiovascular Systems, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Adynxx, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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