CAE INC (CAE) Stock Technical Analysis
NYSE:CAE - New York Stock Exchange, Inc. - CA1247651088 - Common Stock - Currency: USD
We assign a technical rating of 9 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.
In the last month CAE has a been trading in the 27.93 - 30.13 range, which is quite wide. It is currently trading near the lows of this range.
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!
When comparing the yearly performance of all stocks, we notice that CAE is one of the better performing stocks in the market, outperforming 90% 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 is also trading in the upper part of its 52 week range, so CAE is performing more or less in line with the market.
CAE is part of the Aerospace & Defense industry. There are 67 other stocks in this industry, CAE did better than 59% of them.
Besides having an excellent technical rating, CAE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.32, a Stop Loss order could be placed below this zone.
More info and screens
23.37
30.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.41 to 28.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.19 from a trend line in the weekly time frame.
- A support zone ranging from 23.61 to 23.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CAE is neutral. |
| ChartMill Relative Strength | 90.64 | POSITIVE | CAE has a high relative strength, it outperformed 90.64% 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 | POSITIVE | The current price of CAE is above 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) | 47.97 | NEUTRAL | The RSI value for CAE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CAE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.08 | NEUTRAL | The Stochastics value for CAE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for CAE suggests low volalility. |
| Average Directional Index/ADX (14) | 20.26 | 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 |
|---|---|---|---|
| 28.68 | 27.92 | 0.76 (2.64%) | 25.00% |
| An entry @28.68. This is a Buy Stop order right above the 10 day moving average. | An exit @27.92. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.76 points, which is 2.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- 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.
28.33
-0.2 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.7%
1 Week-1.22%
2 Weeks-2.65%
1 Month-4.45%
3 Month9.42%
6 Month20.04%
12 Month70.46%
2 Year17.5%
3 Year55.15%
5 Year79.19%
10 Year157.55%
15 Year200.42%
Volatility
ATR(14)0.49
ATR(20)%1.8%
ATR Inc-11.05%
Range Today0.46
ADR(20)0.48
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.64
Mansfield1.46
10 Day High29.9
10 Day Low27.93
20 Day High30.13
20 Day Low27.93
52 Week High30.13
52 Week Low15.95
CS1 End28.32
CR1 Start29.65
Volume & EV
DER(3)2.13%
DER(5)2.37%
Volume458.50K
Volume Incr-32.65%
Vol(5)460.14K
Vol(50)593.36K