CABOT CORP (CBT) Stock Technical Analysis
NYSE:CBT • US1270551013
We assign a technical rating of 7 out of 10 to CBT. CBT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- CBT is part of the Chemicals industry. There are 83 other stocks in this industry, of which 62% are performing better than CBT.
- The long and short term trends are both positive. This is looking good!
- When compared to the yearly performance of all other stocks, CBT outperforms 50% of them, which is more or less in line with the market.
- CBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CBT is lagging the market.
- In the last month CBT has a been trading in the 70.50 - 81.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CBT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 78.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 74.90, a Stop Loss order could be placed below this zone.
More info and screens
68.66
We found 2 important support areas.
- A support zone ranging from 74.11 to 74.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.35 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 78.36 to 78.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @82.94 from a horizontal line 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 | UP | POSITIVE | The long term trend for CBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBT is up. |
| ChartMill Relative Strength | 50.92 | NEUTRAL | CBT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CBT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.12 | NEUTRAL | The RSI value for CBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CBT has a negative trend. |
| Stochastics (14,3) | 41.88 | NEUTRAL | The Stochastics value for CBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for CBT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.64 | POSITIVE | The high ADX value value for CBT suggests a strong 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 |
|---|---|---|---|
| 78.74 | 74.10 | 4.64 (5.89%) | 16.97% |
| An entry @78.74. This is a Buy Stop order right above the resistance zone. | An exit @74.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.64 points, which is 5.89%. | When investing 16.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
74.91
-0.44 (-0.58%)
CABOT CORP / CBT FAQ
What is the ChartMill technical rating of CABOT CORP (CBT) stock?
ChartMill assigns a technical rating of 7 / 10 to CBT.
What is the current trend direction of CABOT CORP (CBT) stock?
The current trend direction for CABOT CORP (CBT) is Bullish.
Can you provide the RSI signal for CABOT CORP?
CABOT CORP (CBT) has an RSI value of 55.115. This indicates that the stock is currently neutral.
What is the short term momentum for CBT stock?
The short term momentum for CABOT CORP (CBT) is positive.
Can you provide the support and resistance levels for CABOT CORP?
CABOT CORP (CBT) has a support level at 74.9 and a resistance level at 78.36. Check the full technical report for our detailed analysis of CBT support and resistance levels.