CHICAGO BRIDGE & IRON CO N V (CBI) Technical Analysis
NYSE:CBI • US1672501095
Taking everything into account, CBI 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. CBI was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CBI is a bad performer in the overall market: 86% of all stocks are doing better.
- 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 trading in the upper part of its 52 week range, so CBI is lagging the market slightly.
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
12.67
3 important support areas can be observed.
- 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. |
CBI Technicals: Chart, Performance Metrics, Trend & Indicators
16.39
+0.27 (+1.67%)
CHICAGO BRIDGE & IRON CO N V / CBI FAQ
What is the technical rating for CBI stock?
ChartMill assigns a technical rating of 3 / 10 to CBI.
Can you provide the trend direction for CHICAGO BRIDGE & IRON CO N V?
The current trend direction for CHICAGO BRIDGE & IRON CO N V (CBI) is Bearish.
What is the RSI signal for CHICAGO BRIDGE & IRON CO N V (CBI) stock?
CHICAGO BRIDGE & IRON CO N V (CBI) has an RSI value of 56.7429. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHICAGO BRIDGE & IRON CO N V?
The MACD indicator for CHICAGO BRIDGE & IRON CO N V (CBI) has a value of 0.26463, indicating a bearish trend.