CADLR Technical Analysis - CADELER A/S

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to CADLR. Recently some decent action could be observed, but in the medium term time frame this is still negative. CADLR was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, CADLR is a bad performer in the overall market: 86% of all stocks are doing better.

CADLR is part of the Construction & Engineering industry. There are 42 other stocks in this industry, of which 70% are performing better than CADLR.

CADLR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CADLR has a been trading in the 50.90 - 58.00 range, which is quite wide. It is currently trading near the lows of this range.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, CADLR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 52.11, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.83

58.58

2 important support areas can be observed.

A support zone ranging from 49.65 to 52.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 48.31 to 48.44. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 52.95 to 53.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 54.97 to 56.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @58.00 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for CADLR.OL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CADLR.OL is neutral.
ChartMill Relative Strength	14.18	NEGATIVE	CADLR.OL has a low relative strength, it was outperformed by 85.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CADLR.OL is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of CADLR.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CADLR.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.55	NEUTRAL	The RSI value for CADLR.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests CADLR.OL has a negative trend.
Stochastics (14,3)	27	NEUTRAL	The Stochastics value for CADLR.OL is a neutral value.
Average True Range in percent/ATR (20)	3.35	MEDIUM VOLATILITY	The ATR as a percentage value for CADLR.OL suggests some volalility.
Average Directional Index/ADX (14)	14.18	NEGATIVE	The low ADX value for CADLR.OL suggests a weak or negative trend.