CABELAS INC (CAB) Stock Technical Analysis
NYSE:CAB - New York Stock Exchange, Inc. - US1268043015
We assign a technical rating of 8 out of 10 to CAB. Although CAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CAB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CAB is performing more or less in line with the market.
In the last month CAB has a been trading in the 52.50 - 61.50 range, which is quite wide. It is currently trading near the high of this range.
CAB has an average volume of 1365700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CAB turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
Volume is considerably higher in the last couple of days.
CAB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CAB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
47.25
64.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 52.33 to 53.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.73 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.85 to 63.39. 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 CAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAB is up. |
| ChartMill Relative Strength | 66.64 | NEUTRAL | CAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CAB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.38 | OVERBOUGHT | The high RSI value suggests CAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.89 | OVERBOUGHT | The high Stochastics value suggests CAB may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for CAB suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 61.51 | 61.29 | 0.22 (0.36%) | 25.00% |
| An entry @61.51. This is a Buy Stop order right above the 10 day high. | An exit @61.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 0.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- The distance between exit and entry is rather small compared to the average daily movement of CAB. 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.
61.5
+0.03 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.26%
2 Weeks0.24%
1 Month12.89%
3 Month3.5%
6 Month15.8%
12 Month11.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%1.21%
ATR Inc-96.5%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.64
Mansfield0.21
10 Day High61.5
10 Day Low61.3
20 Day High61.5
20 Day Low52.5
52 Week High63.6
52 Week Low45
CS1 End53.91
CR1 Start62.85
Volume & EV
DER(3)1.53%
DER(5)4%
Volume5.17M
Volume Incr44.68%
Vol(5)2.41M
Vol(50)1.37M