CAE Technical Analysis - CAE INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to CAE. In the last year, CAE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

CAE is part of the Aerospace & Defense industry. There are 11 other stocks in this industry, of which 60% are performing better than CAE.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

CAE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CAE is lagging the market slightly.

When comparing the performance of all stocks over the past year, CAE turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.

In the last month CAE has a been trading in the 36.66 - 41.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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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

CAE has an average technical rating and also the quality of the setup is only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

35.65

41.63

We found 2 important support areas.

A support zone ranging from 37.75 to 38.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 36.01 to 36.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 39.31 to 40.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 41.01 to 41.22. This zone is formed by a combination of multiple trend lines 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	UP	POSITIVE	The long term trend for CAE.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CAE.CA is neutral.
ChartMill Relative Strength	68.01	NEUTRAL	CAE.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CAE.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CAE.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CAE.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.86	NEUTRAL	The RSI value for CAE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests CAE.CA has a negative trend.
Stochastics (14,3)	17.21	OVERSOLD	The low Stochastics value suggests CAE.CA may be oversold.
Average True Range in percent/ATR (20)	2.36	MEDIUM VOLATILITY	The ATR as a percentage value for CAE.CA suggests some volalility.
Average Directional Index/ADX (14)	22.48	NEUTRAL	The ADX value for CAE.CA suggests a possible start of a new trend.