CBIZ INC (CBZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CBZ - US1248051021 - Common Stock
We assign a technical rating of 3 out of 10 to CBZ. Recently some decent action could be observed, but in the medium term time frame this is still negative. CBZ was also a bad performer in the overall market in the last year.
Although the technical rating is bad, CBZ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.51, a Stop Loss order could be placed below this zone.
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4 important support areas can be observed.
- A support zone ranging from 52.10 to 53.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.19 from a horizontal line in the daily time frame.
- Support @49.80 from a horizontal line in the daily time frame.
- A support zone ranging from 48.60 to 48.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 54.76 to 54.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @67.62 from a trend line in the weekly time frame.
- Resistance @74.78 from a trend line in the daily time frame.
- Resistance @77.73 from a horizontal line in the weekly time frame.
- Resistance @79.64 from a horizontal line in the daily time frame.
- Resistance @85.66 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 | DOWN | NEGATIVE | The long term trend for CBZ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBZ is up. |
| ChartMill Relative Strength | 16.15 | NEGATIVE | CBZ has a low relative strength, it was outperformed by 83.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.37 | NEUTRAL | The RSI value for CBZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CBZ has a positive trend. |
| Stochastics (14,3) | 86.05 | OVERBOUGHT | The high Stochastics value suggests CBZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CBZ suggests some volalility. |
| Average Directional Index/ADX (14) | 14.04 | NEGATIVE | The low ADX value for CBZ suggests a weak or negative trend. |
54.75
+0.48 (+0.88%)
CBIZ INC / CBZ FAQ
Can you provide the ChartMill technical rating for CBIZ INC?
ChartMill assigns a technical rating of 3 / 10 to CBZ.
What is the current trend direction of CBIZ INC (CBZ) stock?
The current trend direction for CBIZ INC (CBZ) is Bearish.
What is the RSI signal for CBZ stock?
CBIZ INC (CBZ) has an RSI value of 61.3722. This indicates that the stock is currently neutral.
What is the MACD signal for CBIZ INC (CBZ) stock?
The MACD indicator for CBIZ INC (CBZ) has a value of 0.252768, indicating a bearish trend.
What are the support and resistance levels for CBIZ INC (CBZ) stock?
CBIZ INC (CBZ) has a support level at 53.51 and a resistance level at 54.76. Check the full technical report for our detailed analysis of CBZ support and resistance levels.