CERIDIAN HCM HOLDING INC (CDAY.CA) Stock Technical Analysis
TSX:CDAY - Toronto Stock Exchange - US15677J1088 - Common Stock - Currency: CAD
Overall CDAY gets a technical rating of 2 out of 10. CDAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, CDAY is a bad performer in the overall market: 61% of all stocks are doing better.
CDAY is part of the Professional Services industry. There are 6 other stocks in this industry, of which 60% are performing better than CDAY.
Warning: CDAY has an average volume of 10155 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CDAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDAY is lagging the market.
In the last month CDAY has a been trading in the 86.95 - 97.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CDAY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
103.31
When analyzing the support we can see 5 important 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.
3 important resistance areas can be observed.
- 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. |
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)
TSX:CDAY (3/20/2024, 7:00:00 PM)
92.28
+0.34 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.37%
1 Week1.23%
2 Weeks6.13%
1 Month-2.23%
3 Month0.74%
6 Month-6.88%
12 Month-3.47%
2 Year7.74%
3 Year-12.84%
5 Year34.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.95
ATR(20)%2.03%
ATR Inc-36.34%
Range Today0.92
ADR(20)1.69
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
CRS39.37
Mansfield-1.17
10 Day High93.2
10 Day Low87.11
20 Day High97.96
20 Day Low86.95
52 Week High102.91
52 Week Low74.74
CS1 End92.21
CR1 Start94.6
Volume & EV
DER(3)0%
DER(5)0%
Volume2.16K
Volume Incr-39.92%
Vol(5)4.11K
Vol(50)10.16K