CERIDIAN HCM HOLDING INC (CDAY.CA) Stock Technical Analysis
Canada - TSX:CDAY - US15677J1088 - Common Stock
We assign a technical rating of 2 out of 10 to CDAY. CDAY'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.
Although the technical rating is bad, CDAY 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 94.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 92.21, a Stop Loss order could be placed below this zone.
More info and screens
80.88
We found 5 important support areas.
- A support zone ranging from 90.96 to 92.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @89.16 from a horizontal line in the daily time frame.
- Support @87.61 from a trend line in the weekly time frame.
- A support zone ranging from 84.42 to 84.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.70 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @94.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 99.72 to 99.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 102.11 to 102.29. 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 | NEUTRAL | NEUTRAL | The long term trend for CDAY.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDAY.CA is neutral. |
| ChartMill Relative Strength | 39.37 | NEUTRAL | CDAY.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CDAY.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDAY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDAY.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.9 | NEUTRAL | The RSI value for CDAY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CDAY.CA has a positive trend. |
| Stochastics (14,3) | 53.1 | NEUTRAL | The Stochastics value for CDAY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CDAY.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.7 | NEGATIVE | The low ADX value for CDAY.CA suggests a weak or negative trend. |
TSX:CDAY (3/20/2024, 7:00:00 PM)
92.28
+0.34 (+0.37%)
CERIDIAN HCM HOLDING INC / CDAY.CA FAQ
Can you provide the ChartMill technical rating for CERIDIAN HCM HOLDING INC?
ChartMill assigns a technical rating of 2 / 10 to CDAY.CA.
What is the current trend direction of CERIDIAN HCM HOLDING INC (CDAY.CA) stock?
The current trend direction for CERIDIAN HCM HOLDING INC (CDAY.CA) is Bearish.
What is the RSI signal for CDAY stock?
CERIDIAN HCM HOLDING INC (CDAY.CA) has an RSI value of 50.9043. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CERIDIAN HCM HOLDING INC?
The MACD indicator for CERIDIAN HCM HOLDING INC (CDAY.CA) has a value of 0.00975787, indicating a bearish trend.
Can you provide the short term momentum for CERIDIAN HCM HOLDING INC?
The short term momentum for CERIDIAN HCM HOLDING INC (CDAY.CA) is neutral.