CBZ Technical Analysis - CBIZ INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to CBZ. CBZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, CBZ is a bad performer in the overall market: 91% of all stocks are doing better.

CBZ is one of the lesser performing stocks in the Professional Services industry. 65% of 82 stocks in the same industry do better.

CBZ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month CBZ has a been trading in the 53.58 - 67.24 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CBZ has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

53.24

86.52

5 important resistance areas can be observed.

A resistance zone ranging from 74.17 to 74.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @75.73 from a horizontal 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.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for CBZ is down.
ChartMill Relative Strength	9.9	NEGATIVE	CBZ has a low relative strength, it was outperformed by 90.1% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CBZ is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CBZ is below a declining 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)	32.1	NEUTRAL	The RSI value for CBZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.3	NEGATIVE	The MACD value suggests CBZ has a negative trend.
Stochastics (14,3)	11.66	OVERSOLD	The low Stochastics value suggests CBZ may be oversold.
Average True Range in percent/ATR (20)	3.63	MEDIUM VOLATILITY	The ATR as a percentage value for CBZ suggests some volalility.
Average Directional Index/ADX (14)	31.8	POSITIVE	The high ADX value value for CBZ suggests a strong trend.