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8POINT3 ENERGY PARTNERS LP (CAFD) Stock Technical Analysis

NASDAQ:CAFD - Nasdaq - US2825391053

12.42  0 (0%)

After market: 12.37 -0.05 (-0.4%)

Technical Rating and Analysis

3

Taking everything into account, CAFD scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CAFD was also a bad performer in the overall market in the last year.

72% of all other stocks performed better in the past year than CAFD.
CAFD 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CAFD has a been trading in a tight range between 12.13 and 12.45.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
8POINT3 ENERGY PARTNERS LP / CAFD Weekly stock chart
8POINT3 ENERGY PARTNERS LP / CAFD Daily stock chart
Setup Rating and Analysis

5

CAFD has a poor technical rating and the quality of the setup is also 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.

Support and Resistance Analysis

11.57

15.01

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 12.15 to 12.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 11.69 to 11.69. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

  • A resistance zone ranging from 12.43 to 12.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @14.86 from a trend line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for CAFD is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for CAFD is up.
ChartMill Relative Strength28.68NEGATIVECAFD has a low relative strength, it was outperformed by 71.32% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of CAFD is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CAFD is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of CAFD is below a declining SMA(200).
Relative Strength Index/RSI (14)63.16NEUTRALThe RSI value for CAFD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests CAFD has a positive trend, although the MACD value is declining.
Stochastics (14,3)90.63OVERBOUGHTThe high Stochastics value suggests CAFD may be overbought.
Average True Range in percent/ATR (20)0.53LOW VOLATILITYThe low ATR as a percentage value for CAFD suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)
8POINT3 ENERGY PARTNERS LP / CAFD Daily stock chart

8POINT3 ENERGY PARTNERS LP

NASDAQ:CAFD (6/19/2018, 8:10:12 PM)

After market: 12.37 -0.05 (-0.4%)

12.42

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.08%
2 Weeks0.81%
1 Month1.89%
3 Month5.97%
6 Month-17.97%
12 Month-15.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.53%
ATR Inc24.43%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.68
Mansfield-1.5
10 Day High12.45
10 Day Low12.13
20 Day High12.45
20 Day Low12.13
52 Week High15.92
52 Week Low11.69
CS1 End12.37
CR1 Start12.43
Volume & EV
DER(3)-6.9%
DER(5)-3.1%
Volume219.90K
Volume Incr257.7%
Vol(5)513.74K
Vol(50)156.75K