8POINT3 ENERGY PARTNERS LP (CAFD) Stock Technical Analysis
NASDAQ:CAFD - Nasdaq - US2825391053
We assign a technical rating of 3 out of 10 to CAFD. In the past year, CAFD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
CAFD has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
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.
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 | DOWN | NEGATIVE | The long term trend for CAFD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAFD is up. |
| ChartMill Relative Strength | 28.68 | NEGATIVE | CAFD has a low relative strength, it was outperformed by 71.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAFD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAFD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAFD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.16 | NEUTRAL | The RSI value for CAFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CAFD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.63 | OVERBOUGHT | The high Stochastics value suggests CAFD may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for CAFD suggests low volalility. |
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)
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