Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
New York Stock Exchange, Inc. / Information Technology / Software
We assign a technical rating of 2 out of 10 to CWAN. CWAN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CWAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.93, a Stop Loss order could be placed below this zone.
More info and screens
17.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.74 to 22.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.33 to 21.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.60 to 23.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.08 from a trend line in the daily time frame.