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 2 out of 10. CBL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CBL is one of the better performing stocks in the Diversified REITs industry, it outperforms 74% of 129 stocks in the same industry.
In the last month CBL has a been trading in the 24.03 - 26.18 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, CBL outperforms 62% of them, which is more or less in line with the market.
CBL 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 CBL is lagging the market slightly.
Although the technical rating is bad, CBL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.91. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
22.20
26.53
3 important support areas can be observed.
- A support zone ranging from 25.61 to 25.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.93 to 25.19. 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 22.42 to 22.80. 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 25.91 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 | DOWN | NEGATIVE | The long term trend for CBL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBL is neutral. |
| ChartMill Relative Strength | 62.3 | 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) | DOWN | MIXED | The current price of CBL is above a declining 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) | 60.9 | NEUTRAL | The RSI value for CBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CBL has a positive trend. |
| Stochastics (14,3) | 66.05 | NEUTRAL | The Stochastics value for CBL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CBL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.49 | NEGATIVE | The low ADX value for CBL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.9
+0.3 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.17%
1 Week3.19%
2 Weeks6.45%
1 Month6.23%
3 Month-5.09%
6 Month-17.62%
12 Month18.43%
2 Year17.51%
3 Year10.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.29%
ATR Inc6.8%
Range Today0.42
ADR(20)0.55
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.3
Mansfield-0.78
10 Day High26.04
10 Day Low24.32
20 Day High26.18
20 Day Low24.03
52 Week High33.53
52 Week Low21.1
CS1 End25.67
CR1 Start25.91
Volume & EV
DER(3)2.44%
DER(5)-0.51%
Volume121.30K
Volume Incr-3.67%
Vol(5)125.46K
Vol(50)134.53K