CERIDIAN HCM HOLDING INC (CDAY.CA) Technical Analysis
TSX:CDAY • US15677J1088
Current stock price
CDAY.CA Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CDAY. 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.
- 61% of all other stocks performed better in the past year 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.
- CDAY is one of the better performing stocks in the Professional Services industry, it outperforms 100% of 5 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CDAY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CDAY is lagging the market slightly.
- 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.CA Weekly and Daily overview Charts
CDAY.CA Setup Rating and Analysis
CDAY has a bad technical rating, but it does show a decent setup pattern. 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
CDAY.CA Support and Resistance Analysis
80.88
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.
When analyzing the resistance we notice 3 important 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.
CDAY.CA Technical Indicator Signal Analysis
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. |
CDAY.CA Chart- and CandleStick Pattern Analysis
CDAY.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CDAY (3/20/2024, 7:00:00 PM)
92.28
+0.34 (+0.37%)
CERIDIAN HCM HOLDING INC / CDAY.CA TA 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 trend direction for CDAY 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.
What is the MACD signal for CDAY stock?
The MACD indicator for CERIDIAN HCM HOLDING INC (CDAY.CA) has a value of 0.00975787, indicating a bearish trend.