COPT DEFENSE PROPERTIES (CDP) Stock Technical Analysis
NYSE:CDP • US22002T1088
Overall CDP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CDP is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- CDP is part of the Diversified REITs industry. There are 122 other stocks in this industry. CDP outperforms 70% of them.
- CDP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CDP has a been trading in the 29.55 - 32.82 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- CDP has an average volume of 1261190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CDP turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
Besides having an excellent technical rating, CDP also presents 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 32.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CDP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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26.68
We found 4 important support areas.
- A support zone ranging from 31.73 to 31.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.76 from a horizontal line in the daily time frame.
- Support @28.08 from a trend line in the weekly time frame.
- A support zone ranging from 26.95 to 27.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.36 to 32.65. 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 CDP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDP is up. |
| ChartMill Relative Strength | 67.26 | NEUTRAL | CDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.68 | NEUTRAL | The RSI value for CDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CDP has a negative trend. |
| Stochastics (14,3) | 58.61 | NEUTRAL | The Stochastics value for CDP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CDP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | POSITIVE | The high ADX value value for CDP suggests a strong trend. |
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 |
|---|---|---|---|
| 32.66 | 31.72 | 0.94 (2.88%) | 25.00% |
| An entry @32.66. This is a Buy Stop order right above the resistance zone. | An exit @31.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 2.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of CDP. Please evaluate whether better entry and exit points can be found.
- 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.
32.17
+0.33 (+1.04%)
COPT DEFENSE PROPERTIES / CDP FAQ
What is the technical rating for CDP stock?
ChartMill assigns a technical rating of 8 / 10 to CDP.
What is the trend direction for CDP stock?
The current trend direction for COPT DEFENSE PROPERTIES (CDP) is Bullish.
Can you provide the RSI signal for COPT DEFENSE PROPERTIES?
COPT DEFENSE PROPERTIES (CDP) has an RSI value of 58.6767. This indicates that the stock is currently neutral.
What is the buy/sell signal for COPT DEFENSE PROPERTIES (CDP) stock?
The buy/sell signal for COPT DEFENSE PROPERTIES (CDP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for COPT DEFENSE PROPERTIES?
COPT DEFENSE PROPERTIES (CDP) has a support level at 31.97 and a resistance level at 32.36. Check the full technical report for our detailed analysis of CDP support and resistance levels.