CBL & ASSOCIATES PROPERTIES (CBL) Stock Technical Analysis
NYSE:CBL • US1248308785
Taking everything into account, CBL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CBL is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- CBL is part of the Diversified REITs industry. There are 122 other stocks in this industry. CBL outperforms 87% of them.
- CBL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CBL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that CBL is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, CBL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 38.20. Right above this resistance zone may be a good entry point.
More info and screens
23.21
6 important support areas can be observed.
- A support zone ranging from 36.79 to 37.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.98 to 36.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.04 from a horizontal line in the weekly time frame.
- Support @34.15 from a horizontal line in the daily time frame.
- A support zone ranging from 32.38 to 32.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.20 to 38.23. 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 | UP | POSITIVE | The long term trend for CBL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBL is up. |
| ChartMill Relative Strength | 75.59 | POSITIVE | CBL has a high relative strength, it outperformed 75.59% off all stocks 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 | POSITIVE | The current price of CBL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.52 | NEUTRAL | The RSI value for CBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CBL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.43 | OVERBOUGHT | The high Stochastics value suggests CBL may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CBL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.72 | 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 |
|---|---|---|---|
| 38.24 | 36.78 | 1.46 (3.82%) | 25.00% |
| An entry @38.24. This is a Buy Stop order right above the resistance zone. | An exit @36.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.46 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The distance between exit and entry is rather small compared to the average daily movement of CBL. Please evaluate whether better entry and exit points can be found.
- 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.
37.78
-0.36 (-0.94%)
CBL & ASSOCIATES PROPERTIES / CBL FAQ
Can you provide the ChartMill technical rating for CBL & ASSOCIATES PROPERTIES?
ChartMill assigns a technical rating of 8 / 10 to CBL.
Can you provide the trend direction for CBL & ASSOCIATES PROPERTIES?
The current trend direction for CBL & ASSOCIATES PROPERTIES (CBL) is Bullish.
Can you provide the RSI signal for CBL & ASSOCIATES PROPERTIES?
CBL & ASSOCIATES PROPERTIES (CBL) has an RSI value of 56.5215. This indicates that the stock is currently neutral.
What is the short term momentum for CBL stock?
The short term momentum for CBL & ASSOCIATES PROPERTIES (CBL) is positive.
Can you provide the buy/sell signal for CBL & ASSOCIATES PROPERTIES?
The buy/sell signal for CBL & ASSOCIATES PROPERTIES (CBL) is buy as both the short term and long term trends are positive.