CHRISTOPHER & BANKS CORP (CBK) Stock Technical Analysis
NYSE:CBK - New York Stock Exchange, Inc. -
We assign a technical rating of 0 out of 10 to CBK. CBK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CBK does present a nice setup opportunity. 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 0.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CBK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.35
We found 1 important support area.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @0.39 from a trend line in the daily time frame.
- Resistance @0.40 from a horizontal line in the weekly time frame.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.61 from a trend line in the weekly time frame.
- Resistance @0.62 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 CBK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBK is down. |
| ChartMill Relative Strength | 1.47 | NEGATIVE | CBK has a low relative strength, it was outperformed by 98.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.91 | NEUTRAL | The RSI value for CBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.16 | NEUTRAL | The Stochastics value for CBK is a neutral value. |
| Average True Range in percent/ATR (20) | 10.22 | HIGH VOLATILITY | The high ATR as a percentage value for CBK suggests high volalility. |
NYSE:CBK (4/17/2019, 8:04:04 PM)
0.349
-0.02 (-4.38%)