CAE INC (CAE) Stock Technical Analysis
NYSE:CAE - CA1247651088 - Common Stock
26.94 USD
-0.07 (-0.26%)
26.94 USD
0 (0%)
Taking everything into account, CAE scores 7 out of 10 in our technical rating. 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.
CAE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that CAE is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, CAE also shows a nice and consistent pattern of rising prices.
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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
CAE is part of the Aerospace & Defense industry. There are 68 other stocks in this industry, CAE did better than 58% of them.
Considerably lower volume is observed in the last couple of days.
CAE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.93, a Stop Loss order could be placed below this zone.
More info and screens
23.39
30.26
We found 4 important support areas.
- A support zone ranging from 26.71 to 26.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.19 from a horizontal line in the daily time frame.
- Support @24.83 from a trend line in the weekly time frame.
- Support @23.63 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.95 to 27.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.65 to 29.96. 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 CAE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAE is down. |
| ChartMill Relative Strength | 85.04 | POSITIVE | CAE has a high relative strength, it outperformed 85.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CAE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.76 | NEUTRAL | The RSI value for CAE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CAE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.83 | NEUTRAL | The Stochastics value for CAE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CAE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for CAE suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 27.83 | 26.70 | 1.13 (4.06%) | 24.63% |
| An entry @27.83. This is a Buy Stop order right above the resistance zone. | An exit @26.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.13 points, which is 4.06%. | For a 1.00% total portfolio risk, you can invest 24.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CAE. 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.
26.94
-0.07 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.26%
1 Week-1.61%
2 Weeks-1.97%
1 Month-4.91%
3 Month4.78%
6 Month10.86%
12 Month50.67%
2 Year11.74%
3 Year47.54%
5 Year70.4%
10 Year144.91%
15 Year185.68%
Volatility
ATR(14)0.79
ATR(20)%2.62%
ATR Inc-62.58%
Range Today0.29
ADR(20)0.62
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.04
Mansfield0.28
10 Day High27.85
10 Day Low26.66
20 Day High29.68
20 Day Low26.24
52 Week High30.13
52 Week Low17.34
CS1 End26.93
CR1 Start26.95
Volume & EV
DER(3)-2.03%
DER(5)-2.37%
Volume380.50K
Volume Incr-42.43%
Vol(5)419.50K
Vol(50)660.67K