CABELAS INC (CAB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAB - US1268043015
Overall CAB gets a technical rating of 8 out of 10. 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.
Besides having an excellent technical rating, CAB 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
2 important support areas can be observed.
- 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. |
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 worst case loss on the trade is limited to 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%)
CABELAS INC / CAB FAQ
What is the ChartMill technical rating of CABELAS INC (CAB) stock?
ChartMill assigns a technical rating of 8 / 10 to CAB.
Can you provide the trend direction for CABELAS INC?
The current trend direction for CABELAS INC (CAB) is Bullish.
What is the RSI signal for CAB stock?
CABELAS INC (CAB) has an RSI value of 75.3766. This indicates that the stock is currently overbought.
What is the short term momentum for CAB stock?
The short term momentum for CABELAS INC (CAB) is positive.
What are the support and resistance levels for CABELAS INC (CAB) stock?
CABELAS INC (CAB) has a support level at 53.91 and a resistance level at 62.85. Check the full technical report for our detailed analysis of CAB support and resistance levels.