CARLYLE CREDIT INCOME FUND (CCIF) Stock Technical Analysis
NYSE:CCIF - US92535C1045
5.77 USD
+0.03 (+0.52%)
5.75 USD
-0.02 (-0.35%)
We assign a technical rating of 1 out of 10 to CCIF. CCIF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CCIF is a bad performer in the overall market: 91% of all stocks are doing better.
CCIF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CCIF has a been trading in the 5.09 - 5.77 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CCIF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.67, a Stop Loss order could be placed below this zone.
More info and screens
5.53
6.60
When analyzing the support we notice one important area.
- A support zone ranging from 5.59 to 5.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.78 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.94 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.18 from a trend line in the daily time frame.
- A resistance zone ranging from 6.50 to 6.53. This zone is formed by a combination of multiple trend lines in the daily 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 CCIF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCIF is neutral. |
| ChartMill Relative Strength | 9.23 | NEGATIVE | CCIF has a low relative strength, it was outperformed by 90.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCIF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CCIF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CCIF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.2 | NEUTRAL | The RSI value for CCIF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CCIF has a positive trend. |
| Stochastics (14,3) | 96.68 | OVERBOUGHT | The high Stochastics value suggests CCIF may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CCIF suggests some volalility. |
| Average Directional Index/ADX (14) | 27.33 | POSITIVE | The high ADX value value for CCIF suggests a strong trend. |
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)
5.77
+0.03 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.52%
1 Week2.49%
2 Weeks1.67%
1 Month2.49%
3 Month-12.04%
6 Month-25.26%
12 Month-33.29%
2 Year-27.15%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.39%
ATR Inc-68.89%
Range Today0.05
ADR(20)0.13
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.23
Mansfield-2.83
10 Day High5.77
10 Day Low5.4
20 Day High5.77
20 Day Low5.09
52 Week High8.69
52 Week Low5.09
CS1 End5.67
CR1 Start5.78
Volume & EV
DER(3)-6.55%
DER(5)1.6%
Volume59.50K
Volume Incr-56.42%
Vol(5)103.24K
Vol(50)194.48K