CAL Technical Analysis - CALERES INC

Technical Rating and Analysis

Taking everything into account, CAL scores 3 out of 10 in our technical rating. In the past year, CAL 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.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, CAL is a bad performer in the overall market: 88% of all stocks are doing better.

CAL is one of the lesser performing stocks in the Specialty Retail industry. 76% of 123 stocks in the same industry do better.

CAL 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.

In the last month CAL has a been trading in the 12.79 - 16.14 range, which is quite wide. It is currently trading near the high of this range.

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

Although the technical rating is bad, CAL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.75, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.03

17.66

We found 2 important support areas.

A support zone ranging from 14.37 to 14.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 13.16 to 13.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 15.71 to 15.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @17.49 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for CAL is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CAL is neutral.
ChartMill Relative Strength	12.07	NEGATIVE	CAL has a low relative strength, it was outperformed by 87.93% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CAL is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CAL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CAL is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.43	NEUTRAL	The RSI value for CAL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests CAL has a negative trend.
Stochastics (14,3)	79.69	NEUTRAL	The Stochastics value for CAL is a neutral value.
Average True Range in percent/ATR (20)	4.88	MEDIUM VOLATILITY	The ATR as a percentage value for CAL suggests some volalility.
Average Directional Index/ADX (14)	15.74	NEGATIVE	The low ADX value for CAL suggests a weak or negative trend.