CBS CORP NEW (CBS) Stock Technical Analysis
NYSE:CBS - New York Stock Exchange, Inc. -
Taking everything into account, CBS scores 2 out of 10 in our technical rating. In the past year, CBS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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. The S&P500 Index however is trading in the upper part of its 52 week range, so CBS is lagging the market.
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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days.
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
35.21
51.34
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.
3 important resistance areas can be observed.
- 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. |
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)
40.77
+1.43 (+3.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.63%
1 Week0.64%
2 Weeks3.53%
1 Month8.75%
3 Month-6.56%
6 Month-15.8%
12 Month-20.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%2.79%
ATR Inc70.96%
Range Today2.56
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.68
Mansfield-1.91
10 Day High41.78
10 Day Low38.52
20 Day High41.78
20 Day Low36.67
52 Week High53.71
52 Week Low35.02
CS1 End36.03
CR1 Start40.78
Volume & EV
DER(3)1.57%
DER(5)0.51%
Volume25.53M
Volume Incr61.8%
Vol(5)9.52M
Vol(50)5.60M