CAE Technical Analysis - CAE INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to CAE. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

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!

Looking at the yearly performance, CAE did better than 77% of all other stocks.

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.

In the last month CAE has a been trading in the 36.22 - 38.72 range, which is quite wide. It is currently trading near the high of this range.

CAE is an average performer in the Aerospace & Defense industry, it outperforms 54% of 12 stocks in the same industry.

Volume is considerably higher 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 it also does not offer a high quality setup 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

41.43

When analyzing the support we notice one important area.

A support zone ranging from 36.01 to 37.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

Resistance @40.24 from a horizontal line in the weekly time frame.
A resistance zone ranging from 41.01 to 41.02. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	77.07	POSITIVE	CAE.CA has a high relative strength, it outperformed 77.07% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CAE.CA is above 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)	61.46	NEUTRAL	The RSI value for CAE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests CAE.CA has a positive trend.
Stochastics (14,3)	75.93	NEUTRAL	The Stochastics value for CAE.CA is a neutral value.
Average True Range in percent/ATR (20)	1.65	LOW VOLATILITY	The low ATR as a percentage value for CAE.CA suggests low volalility.
Average Directional Index/ADX (14)	20.33	NEUTRAL	The ADX value for CAE.CA suggests a possible start of a new trend.