CHINDATA GROUP HOLDINGS-ADR (CD) Stock Technical Analysis
NASDAQ:CD - Nasdaq - US16955F1075 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to CD. CD has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CD is lagging the market slightly.
CD has an average volume of 2466580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CD turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
CD is part of the IT Services industry. There are 81 other stocks in this industry, CD did better than 52% of them.
Although the technical rating is only medium, CD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.44, a Stop Loss order could be placed below this zone.
More info and screens
5.08
9.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.24 to 8.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.29 from a trend line in the weekly time frame.
- Support @5.13 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.50 to 8.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.00 to 9.18. 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 CD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CD is neutral. |
| ChartMill Relative Strength | 48.66 | NEUTRAL | CD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.2 | NEUTRAL | The RSI value for CD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.77 | NEUTRAL | The Stochastics value for CD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for CD suggests low volalility. |
| Average Directional Index/ADX (14) | 17.98 | NEGATIVE | The low ADX value for CD suggests a weak or negative 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)
8.45
-0.14 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.63%
1 Week-0.94%
2 Weeks0.24%
1 Month-6.73%
3 Month1.56%
6 Month16.87%
12 Month9.6%
2 Year28.22%
3 Year-64.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.9%
ATR Inc3.11%
Range Today0.23
ADR(20)0.15
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.66
Mansfield-0.08
10 Day High8.63
10 Day Low8.27
20 Day High9.2
20 Day Low8.25
52 Week High9.44
52 Week Low4.86
CS1 End8.44
CR1 Start8.5
Volume & EV
DER(3)-1.6%
DER(5)-1.27%
Volume11.79M
Volume Incr271.16%
Vol(5)3.20M
Vol(50)2.47M