NYSEARCA:CBTJ - NYSE Arca - US12811T7202 - ETF - Currency: USD
Taking everything into account, CBTJ scores 7 out of 10 in our technical rating. Although CBTJ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CBTJ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
25.32
2 important support areas can be observed.
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 CBTJ is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBTJ is up. |
ChartMill Relative Strength | 0 | NEGATIVE | CBTJ has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBTJ is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBTJ is above the rising SMA(50). |
Relative Strength Index/RSI (14) | 73.49 | OVERBOUGHT | The high RSI value suggests CBTJ may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CBTJ has a positive trend. |
Stochastics (14,3) | 98.45 | OVERBOUGHT | The high Stochastics value suggests CBTJ may be overbought. |
Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for CBTJ suggests low volalility. |
Average Directional Index/ADX (14) | 16.03 | NEGATIVE | The low ADX value for CBTJ suggests a weak or negative trend. |
28.81
+0.79 (+2.83%)