CHICAGO BRIDGE & IRON CO N V (CBI) Technical Analysis
NYSE:CBI • US1672501095
Current stock price
CBI Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to CBI. 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 Weekly and Daily overview Charts
CBI Setup Rating and Analysis
Although the technical rating is bad, CBI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
CBI Support and Resistance Analysis
12.67
When analyzing the support we can see 3 important 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.
CBI 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 | 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. |
CBI Chart- and CandleStick Pattern Analysis
CBI Technicals: Chart, Performance Metrics, Trend & Indicators
16.39
+0.27 (+1.67%)
CHICAGO BRIDGE & IRON CO N V / CBI TA FAQ
What is the technical rating for CBI stock?
ChartMill assigns a technical rating of 3 / 10 to CBI.
What is the current trend direction of CHICAGO BRIDGE & IRON CO N V (CBI) stock?
The current trend direction for CHICAGO BRIDGE & IRON CO N V (CBI) is Bearish.
What is the RSI signal for CBI stock?
CHICAGO BRIDGE & IRON CO N V (CBI) has an RSI value of 56.7429. This indicates that the stock is currently neutral.
What is the MACD signal for CBI stock?
The MACD indicator for CHICAGO BRIDGE & IRON CO N V (CBI) has a value of 0.26463, indicating a bearish trend.
What are the support and resistance levels for CHICAGO BRIDGE & IRON CO N V (CBI) stock?
CHICAGO BRIDGE & IRON CO N V (CBI) has a support level at 16.12 and a resistance level at 16.47. Check the full technical report for our detailed analysis of CBI support and resistance levels.