CCL INDUSTRIES INC - CL B (CCL-B.CA) Stock Technical Analysis
TSX:CCL-B - Toronto Stock Exchange - CA1249003098 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to CCL-B. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CCL-B is only an average performer.
CCL-B is part of the Containers & Packaging industry. There are 8 other stocks in this industry, of which 71% are performing better than CCL-B.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CCL-B is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, CCL-B turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
CCL-B is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CCL-B is lagging the market slightly.
Besides having an excellent technical rating, CCL-B also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 77.62, a Stop Loss order could be placed below this zone.
More info and screens
66.93
85.04
When analyzing the support we can see 3 important areas.
- Support @77.62 from a horizontal line in the daily time frame.
- Support @69.02 from a trend line in the weekly time frame.
- Support @67.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 78.27 to 79.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 82.45 to 84.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CCL-B.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCL-B.CA is neutral. |
| ChartMill Relative Strength | 58.16 | NEUTRAL | CCL-B.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCL-B.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCL-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCL-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.96 | NEUTRAL | The RSI value for CCL-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests CCL-B.CA has a negative trend. |
| Stochastics (14,3) | 35.28 | NEUTRAL | The Stochastics value for CCL-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for CCL-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.3 | POSITIVE | The high ADX value value for CCL-B.CA 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)
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 |
|---|---|---|---|
| 78.28 | 77.61 | 0.67 (0.85%) | 25.00% |
| An entry @78.28. This is a Buy Stop order right above the 10 day moving average. | An exit @77.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.67 points, which is 0.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of CCL-B. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:CCL-B (6/13/2025, 7:00:00 PM)
77.63
-0.39 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.5%
1 Week-0.67%
2 Weeks-3%
1 Month0.43%
3 Month8.24%
6 Month3.91%
12 Month6.81%
2 Year19.21%
3 Year27.6%
5 Year76.91%
10 Year1166.81%
15 Year6709.65%
Volatility
ATR(14)1.34
ATR(20)%1.83%
ATR Inc43.76%
Range Today2.64
ADR(20)1.42
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.16
Mansfield-0.1
10 Day High80.23
10 Day Low75.83
20 Day High80.73
20 Day Low75.83
52 Week High84.7
52 Week Low64.93
CS1 End77.62
CR1 Start78.27
Volume & EV
DER(3)-0.59%
DER(5)-3.22%
Volume237.11K
Volume Incr-32.1%
Vol(5)229.99K
Vol(50)318.64K