CORP AMERICA AIRPORTS SA (CAAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAAP - LU1756447840 - Common Stock
We assign a technical rating of 8 out of 10 to CAAP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAAP is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- CAAP is one of the better performing stocks in the Transportation Infrastructure industry, it outperforms 100% of 6 stocks in the same industry.
- CAAP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CAAP is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that CAAP is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month CAAP has a been trading in the 24.97 - 27.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAAP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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When analyzing the support we can see 3 important areas.
- Support @25.58 from a horizontal line in the daily time frame.
- A support zone ranging from 18.34 to 18.36. 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 27.00 to 27.42. 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 | UP | POSITIVE | The long term trend for CAAP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CAAP is neutral. |
| ChartMill Relative Strength | 90.99 | POSITIVE | CAAP has a high relative strength, it outperformed 90.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CAAP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAAP is above the rising 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) | 51.22 | NEUTRAL | The RSI value for CAAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CAAP has a negative trend. |
| Stochastics (14,3) | 20.72 | NEUTRAL | The Stochastics value for CAAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for CAAP suggests some volalility. |
| Average Directional Index/ADX (14) | 41.61 | POSITIVE | The high ADX value value for CAAP suggests a strong trend. |
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+0.42 (+1.64%)
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 trend direction for CAAP stock?
The current trend direction for CORP AMERICA AIRPORTS SA (CAAP) is Bullish.
What is the RSI signal for CORP AMERICA AIRPORTS SA (CAAP) stock?
CORP AMERICA AIRPORTS SA (CAAP) has an RSI value of 51.2157. This indicates that the stock is currently neutral.
What is the MACD signal for CAAP stock?
The MACD indicator for CORP AMERICA AIRPORTS SA (CAAP) has a value of -0.21093, indicating a bearish trend.
What is the support and resistance level for CAAP stock?
CORP AMERICA AIRPORTS SA (CAAP) has a support level at 25.58 and a resistance level at 27. Check the full technical report for our detailed analysis of CAAP support and resistance levels.