CONSENSUS CLOUD SOLUTION (CCSI) Stock Technical Analysis
NASDAQ:CCSI • US20848V1052
Overall CCSI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCSI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- CCSI is part of the Software industry. There are 276 other stocks in this industry. CCSI outperforms 90% of them.
- CCSI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CCSI has a been trading in the 20.90 - 30.23 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that CCSI is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CCSI has an excellent technical rating, it does not present a decent entry opportunity 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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20.04
When analyzing the support we can see 4 important areas.
- Support @22.27 from a trend line in the daily time frame.
- Support @21.66 from a trend line in the weekly time frame.
- A support zone ranging from 20.69 to 21.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.88 to 29.88. 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 CCSI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCSI is up. |
| ChartMill Relative Strength | 84.04 | POSITIVE | CCSI has a high relative strength, it outperformed 84.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCSI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCSI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.12 | OVERBOUGHT | The high RSI value suggests CCSI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests CCSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.54 | OVERBOUGHT | The high Stochastics value suggests CCSI may be overbought. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CCSI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.24 | POSITIVE | The high ADX value value for CCSI suggests a strong trend. |
29.87
+1.12 (+3.9%)
CONSENSUS CLOUD SOLUTION / CCSI FAQ
What is the technical rating for CCSI stock?
ChartMill assigns a technical rating of 9 / 10 to CCSI.
What is the current trend direction of CONSENSUS CLOUD SOLUTION (CCSI) stock?
The current trend direction for CONSENSUS CLOUD SOLUTION (CCSI) is Bullish.
Can you provide the RSI signal for CONSENSUS CLOUD SOLUTION?
CONSENSUS CLOUD SOLUTION (CCSI) has an RSI value of 74.1211. This indicates that the stock is currently overbought.
What is the short term momentum for CONSENSUS CLOUD SOLUTION (CCSI) stock?
The short term momentum for CONSENSUS CLOUD SOLUTION (CCSI) is positive.
What is the support and resistance level for CCSI stock?
CONSENSUS CLOUD SOLUTION (CCSI) has a support level at 22.27 and a resistance level at 29.88. Check the full technical report for our detailed analysis of CCSI support and resistance levels.