CORP AMERICA AIRPORTS SA (CAAP) Stock Technical Analysis
USA - NYSE:CAAP - LU1756447840 - Common Stock
Overall CAAP gets a technical rating of 8 out of 10. In the last year, CAAP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although CAAP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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17.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.31 to 19.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.71 to 17.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.17 to 22.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CAAP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAAP is up. |
| ChartMill Relative Strength | 75.97 | POSITIVE | CAAP has a high relative strength, it outperformed 75.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAAP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CAAP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.54 | OVERBOUGHT | The high RSI value suggests CAAP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests CAAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.12 | OVERBOUGHT | The high Stochastics value suggests CAAP may be overbought. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CAAP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.68 | POSITIVE | The high ADX value value for CAAP suggests a strong trend. |
22.16
+0.4 (+1.84%)
CORP AMERICA AIRPORTS SA / CAAP FAQ
What is the technical rating for CAAP stock?
ChartMill assigns a technical rating of 8 / 10 to CAAP.
What is the current trend direction of CORP AMERICA AIRPORTS SA (CAAP) stock?
The current trend direction for CORP AMERICA AIRPORTS SA (CAAP) is Bearish.
What is the RSI signal for CORP AMERICA AIRPORTS SA (CAAP) stock?
CORP AMERICA AIRPORTS SA (CAAP) has an RSI value of 74.5426. This indicates that the stock is currently overbought.
What are the support and resistance levels for CORP AMERICA AIRPORTS SA (CAAP) stock?
CORP AMERICA AIRPORTS SA (CAAP) has a support level at 19.52 and a resistance level at 22.17. Check the full technical report for our detailed analysis of CAAP support and resistance levels.