Is crdo expected to increase in value?

**Credo Technology Group Holding Ltd (CRDO) is expected to increase in value.** Here's the analysis to support this conclusion:

1. **Positive Analyst Ratings and Price Targets**: CRDO has received a "Moderate Buy" consensus rating from eight analysts, with an average price target of $30.38. This suggests that analysts are optimistic about the stock's future performance.
2. **Recent Insider Activity**: Despite some insider selling, the stock has a 23.89% insider ownership, indicating confidence from those with inside knowledge of the company.

3. **Technical Indicators**: The stock's technical indicators show mixed signals. The MACD is negative, indicating potential bearishness, while the RSI is low at 18.66, suggesting it may be oversold. This could imply a potential reversal or a buying opportunity if the stock price drops further.

|Ticker|Name|MACD|KDJ|RSI|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|CRDO.O|Credo Technology||-3.5334|18.6614|20240730|CRDO|185|
|CRDO.O|Credo Technology|-1.3484|||20240731|CRDO|185|

4. **Moving Averages**: The 5-Day, 10-Day, and 20-Day moving averages are all above the current closing price, indicating a short-term downward trend. However, the 30-Day, 50-Day, and 60-Day moving averages are above the 20-Day moving average, suggesting a longer-term upward trend.

|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|CRDO.O|Credo Technology|27.6500|30.1655|28.6750|20240731|CRDO|185|

5. **Fibonacci Retracement**: The 0.618 Fibonacci Retracement is at $15.58, which is above the current closing price of $27.73. This suggests that the stock has room to grow before reaching this level of resistance.
6. **Recent Performance**: CRDO has experienced a significant increase of 63.35% over the past year, indicating strong recent performance.

|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|CRDO.O|Credo Technology|63.5827931644078|20230801-20240731|CRDO|185|

7. **Institutional Confidence**: Institutional investors own 80.46% of the company's stock, which is a strong indicator of confidence in the company's future prospects.

In conclusion, while there are some bearish indicators in the short-term, the overall trend and analyst sentiment suggest that CRDO is expected to increase in value.