Shares of GoodRx ( GDRX) have been under selling pressure since late October. The company gathers current prices and discounts to help you find the lowest cost pharmacy for your prescriptions. Sounds like everyone would want to use it but that does not mean the stock will rally.
Let's check. 
In this daily bar chart of GDRX, below, we see a bearish picture. Prices made a small rally from July to October but then turned lower. Prices are trading below the declining 50-day moving average line and the declining 200-day line.
The On-Balance-Volume (OBV) line has been weak and tells us that sellers of GDRX have been more aggressive than buyers. The 12-day price momentum study has not given us any signs that the pace of the decline is slowing down.
In this weekly Japanese candlestick chart of GDRX, below, we have another bearish picture. Prices are in a downtrend. No bottom reversal patterns are visible. The slope of the 40-week moving average line is negative.
The weekly OBV line is bearish and so is the Moving Average Convergence Divergence (MACD) oscillator as it is below the zero line.
In this daily Point and Figure chart of GDRX, below, we can see that prices have reached and exceeded a downside price target in the $17 area.
Bottom line strategy: It's going to take aggressive buying of the stock to turn the charts positive. Avoid the long side.
