CBS CORP NEW (CBS) Technical Analysis
NYSE:CBS
Current stock price
CBS Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CBS. Recently some decent action could be observed, but in the medium term time frame this is still negative. CBS was also a bad performer in the overall market in the last year.
- 85% of all other stocks performed better in the past year than CBS.
- CBS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CBS has a been trading in the 36.67 - 41.78 range, which is quite wide. It is currently trading near the high of this range.
- CBS has an average volume of 5599720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Volume is considerably higher in the last couple of days.
CBS Weekly and Daily overview Charts
CBS Setup Rating and Analysis
The technical rating of CBS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CBS Support and Resistance Analysis
35.21
We found 1 important support area.
- A support zone ranging from 35.57 to 36.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 40.78 to 40.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.91 from a trend line in the daily time frame.
- A resistance zone ranging from 50.56 to 50.83. This zone is formed by a combination of multiple trend lines in the weekly time frame.
CBS Technical Indicator Signal Analysis
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 CBS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBS is up. |
| ChartMill Relative Strength | 15.68 | NEGATIVE | CBS has a low relative strength, it was outperformed by 84.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CBS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.04 | NEUTRAL | The RSI value for CBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CBS has a positive trend. |
| Stochastics (14,3) | 74.21 | NEUTRAL | The Stochastics value for CBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CBS suggests some volalility. |
CBS Chart- and CandleStick Pattern Analysis
CBS Technicals: Chart, Performance Metrics, Trend & Indicators
40.77
+1.43 (+3.63%)
CBS CORP NEW / CBS TA FAQ
What is the technical rating for CBS stock?
ChartMill assigns a technical rating of 2 / 10 to CBS.
What is the current trend direction of CBS CORP NEW (CBS) stock?
The current trend direction for CBS CORP NEW (CBS) is Bearish.
Can you provide the RSI signal for CBS CORP NEW?
CBS CORP NEW (CBS) has an RSI value of 62.0374. This indicates that the stock is currently neutral.
What is the short term momentum for CBS stock?
The short term momentum for CBS CORP NEW (CBS) is positive.
What are the support and resistance levels for CBS CORP NEW (CBS) stock?
CBS CORP NEW (CBS) has a support level at 36.03 and a resistance level at 40.78. Check the full technical report for our detailed analysis of CBS support and resistance levels.