TSX:CDAY - Toronto Stock Exchange - US15677J1088 - Common Stock - Currency: CAD
Overall CDAY gets a technical rating of 2 out of 10. 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.
80.88
We found 5 important support areas.
When analyzing the resistance we notice 3 important areas.
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%)