COPT DEFENSE PROPERTIES (CDP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CDP - US22002T1088 - REIT
Overall CDP gets a technical rating of 8 out of 10. Although CDP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- 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.
- CDP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- CDP has an average volume of 1026660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CDP outperforms 57% of them, which is more or less in line with the market.
- CDP is an average performer in the Diversified REITs industry, it outperforms 66% of 125 stocks in the same industry.
Besides having an excellent technical rating, CDP also presents 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 30.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.37, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.76 to 29.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.95 to 27.80. 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 30.66 to 30.84. 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 | 57.63 | 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) | 66.15 | NEUTRAL | The RSI value for CDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests CDP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.99 | OVERBOUGHT | The high Stochastics value suggests CDP may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for CDP suggests low volalility. |
| Average Directional Index/ADX (14) | 27.9 | 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 |
|---|---|---|---|
| 30.85 | 29.22 | 1.63 (5.28%) | 18.93% |
| An entry @30.85. This is a Buy Stop order right above the resistance zone. | An exit @29.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.63 points, which is 5.28%. | For a 1.00% total portfolio risk, you can invest 18.93% 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.
30.63
+0.2 (+0.66%)
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 66.1494. 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 29.37 and a resistance level at 30.66. Check the full technical report for our detailed analysis of CDP support and resistance levels.