CORP AMERICA AIRPORTS SA (CAAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAAP - LU1756447840 - Common Stock
Overall CAAP gets a technical rating of 9 out of 10. 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.
Besides having an excellent technical rating, CAAP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.95, a Stop Loss order could be placed below this zone. 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.
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17.18
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.46 to 25.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.04 from a horizontal line in the daily time frame.
- A support zone ranging from 18.16 to 18.21. 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 26.50 to 26.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The short term trend for CAAP is up. |
| ChartMill Relative Strength | 91.26 | POSITIVE | CAAP has a high relative strength, it outperformed 91.26% 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) | 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) | 63.92 | NEUTRAL | The RSI value for CAAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CAAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.43 | NEUTRAL | The Stochastics value for CAAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CAAP suggests some volalility. |
| Average Directional Index/ADX (14) | 48.49 | POSITIVE | The high ADX value value for CAAP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.51 | 25.45 | 1.06 (4.00%) | 25.00% |
| An entry @26.51. This is a Buy Stop order right above the resistance zone. | An exit @25.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.06 points, which is 4.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CAAP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.02
+0.04 (+0.15%)
CORP AMERICA AIRPORTS SA / CAAP FAQ
What is the technical rating for CAAP stock?
ChartMill assigns a technical rating of 9 / 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 Bullish.
What is the RSI signal for CORP AMERICA AIRPORTS SA (CAAP) stock?
CORP AMERICA AIRPORTS SA (CAAP) has an RSI value of 63.9154. This indicates that the stock is currently neutral.
What is the buy/sell signal for CORP AMERICA AIRPORTS SA (CAAP) stock?
The buy/sell signal for CORP AMERICA AIRPORTS SA (CAAP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CORP AMERICA AIRPORTS SA?
CORP AMERICA AIRPORTS SA (CAAP) has a support level at 25.95 and a resistance level at 26.5. Check the full technical report for our detailed analysis of CAAP support and resistance levels.