CBL & ASSOCIATES PROPERTIES (CBL) Stock Technical Analysis
NYSE:CBL - New York Stock Exchange, Inc. - US1248308785 - REIT - Currency: USD
Overall CBL gets a technical rating of 6 out of 10. In the past year, CBL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, CBL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.12, a Stop Loss order could be placed below this zone.
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22.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.18 to 26.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.33 from a horizontal line in the daily time frame.
- Support @22.92 from a trend line in the weekly time frame.
- A support zone ranging from 22.42 to 22.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.22 to 26.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CBL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBL is up. |
| ChartMill Relative Strength | 59.82 | NEUTRAL | CBL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CBL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.55 | NEUTRAL | The RSI value for CBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CBL has a positive trend. |
| Stochastics (14,3) | 60.98 | NEUTRAL | The Stochastics value for CBL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CBL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.53 | NEGATIVE | The low ADX value for CBL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.28 | 25.29 | 0.99 (3.77%) | 25.00% |
| An entry @26.28. This is a Buy Stop order right above the resistance zone. | An exit @25.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.99 points, which is 3.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.21
+0.17 (+0.65%)