Should You Buy CorMedix Inc (CRMD) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy (for a beginner long-term investor): CRMD looks attractive at ~$7.77 because Street targets were cut but still imply large upside ($13–$16), options positioning is bullish (low put/call ratios), and the latest reported quarter showed very strong revenue growth. Technically it’s still in a broader bearish trend (moving averages), but momentum is improving (MACD positive). Given you’re impatient and not waiting for an “ideal” entry, this is a reasonable buy now rather than a hold/sell.
Technical Analysis
Price ~$7.765 with slight green regular session (+0.19%) and mild pre-market softness (-0.65%). Trend is still bearish on moving averages (SMA_200 > SMA_20 > SMA_5), which signals the longer-term downtrend hasn’t fully reversed. However, momentum is turning: MACD histogram is positive and expanding (0.0385), suggesting improving upside pressure. RSI(6) ~50 is neutral (no overbought/oversold). Key levels: support near pivot 7.26 (then S1 6.74), resistance is tight overhead at R1 7.784 and R2 8.107—so a clean break above ~7.78–8.11 would confirm better near-term trend strength.