CHICAGO BRIDGE & IRON CO N V (CBI) Stock Technical Analysis
USA - NYSE:CBI - US1672501095
16.39
+0.27 (+1.67%)
16.21
-0.18 (-1.1%)
Overall CBI gets a technical rating of 3 out of 10. In the past year, CBI 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.
86% of all other stocks performed better in the past year than CBI.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CBI has a been trading in the 12.12 - 17.04 range, which is quite wide. It is currently trading near the high of this range.
CBI has an average volume of 5660870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CBI is lagging the market.
CBI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 16.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CBI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.67
24.27
We found 3 important support areas.
- A support zone ranging from 15.75 to 16.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.50 from a trend line in the daily time frame.
- Support @12.80 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @16.47 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 16.84 to 17.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.30 from a trend line in the daily time frame.
- Resistance @24.03 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 | NEUTRAL | NEUTRAL | The long term trend for CBI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBI is up. |
| ChartMill Relative Strength | 14.63 | NEGATIVE | CBI has a low relative strength, it was outperformed by 85.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CBI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CBI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.74 | NEUTRAL | The RSI value for CBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.01 | OVERBOUGHT | The high Stochastics value suggests CBI may be overbought. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for CBI suggests high 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)
16.39
+0.27 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.67%
1 Week0.92%
2 Weeks16.99%
1 Month10.59%
3 Month-6.61%
6 Month-1.09%
12 Month-28.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.2
ATR(20)%6.8%
ATR Inc-5.3%
Range Today1.05
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
CRS14.63
Mansfield-0.58
10 Day High17.04
10 Day Low13.78
20 Day High17.04
20 Day Low12.12
52 Week High23.73
52 Week Low9.55
CS1 End16.12
CR1 Start16.47
Volume & EV
DER(3)3.7%
DER(5)2.86%
Volume11.81M
Volume Incr-33.84%
Vol(5)6.27M
Vol(50)5.66M