CORP AMERICA AIRPORTS SA (CAAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAAP - LU1756447840 - Common Stock
Taking everything into account, CAAP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CAAP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although CAAP has an excellent technical rating, the quality of the presented setup is not ideal 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 22.15 to 22.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.93 to 18.01. 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.
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 | 85.24 | POSITIVE | CAAP has a high relative strength, it outperformed 85.24% 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) | 74.37 | OVERBOUGHT | The high RSI value suggests CAAP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CAAP has a positive trend. |
| Stochastics (14,3) | 82.89 | OVERBOUGHT | The high Stochastics value suggests CAAP may be overbought. |
| 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) | 36.03 | POSITIVE | The high ADX value value for CAAP suggests a strong trend. |
24.09
+0.59 (+2.51%)
CORP AMERICA AIRPORTS SA / CAAP FAQ
What is the technical rating for CAAP stock?
ChartMill assigns a technical rating of 10 / 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 74.368. This indicates that the stock is currently overbought.
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 22.88. Check the full technical report for our detailed analysis of CAAP support and resistance levels.