CBS CORP NEW (CBS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CBS -
Overall CBS gets a technical rating of 2 out of 10. 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.
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.
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35.21
When analyzing the support we notice one important 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.
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. |
40.77
+1.43 (+3.63%)
CBS CORP NEW / CBS FAQ
What is the technical rating for CBS stock?
ChartMill assigns a technical rating of 2 / 10 to CBS.
What is the trend direction for CBS stock?
The current trend direction for CBS CORP NEW (CBS) is Bearish.
What is the RSI signal for CBS CORP NEW (CBS) stock?
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 CORP NEW (CBS) stock?
The short term momentum for CBS CORP NEW (CBS) is positive.
Can you provide the support and resistance levels for CBS CORP NEW?
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.