CDK Global Inc (CDK) Stock Technical Analysis
NASDAQ:CDK - Nasdaq - US12508E1010 - Common Stock
Taking everything into account, CDK scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CDK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CDK is part of the Software industry. There are 282 other stocks in this industry. CDK outperforms 82% of them.
CDK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CDK is leading the market.
CDK has an average volume of 2245600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CDK is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month CDK has a been trading in a tight range between 53.87 and 55.12.
Volume is considerably higher in the last couple of days.
CDK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 54.71, a Stop Loss order could be placed below this zone.
More info and screens
41.48
55.40
We found 3 important support areas.
- A support zone ranging from 53.51 to 54.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.07 from a trend line in the daily time frame.
- Support @41.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 54.85 to 54.85. 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 CDK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDK is up. |
| ChartMill Relative Strength | 91.92 | POSITIVE | CDK has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.83 | NEUTRAL | The RSI value for CDK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CDK has a negative trend. |
| Stochastics (14,3) | 73.6 | NEUTRAL | The Stochastics value for CDK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.43 | LOW VOLATILITY | The low ATR as a percentage value for CDK suggests low volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.86 | 54.30 | 0.56 (1.02%) | 25.00% |
| An entry @54.86. This is a Buy Stop order right above the resistance zone. | An exit @54.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.56 points, which is 1.02%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.76
-0.08 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.15%
1 Week0.04%
2 Weeks0.85%
1 Month0.16%
3 Month0.29%
6 Month29.15%
12 Month9.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%0.43%
ATR Inc-61.53%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.92
Mansfield3.32
10 Day High55.12
10 Day Low54.31
20 Day High55.12
20 Day Low53.87
52 Week High55.12
52 Week Low38.53
CS1 End54.71
CR1 Start54.85
Volume & EV
DER(3)-1.34%
DER(5)-1.38%
Volume16.83M
Volume Incr162.78%
Vol(5)4.21M
Vol(50)2.25M