COPT DEFENSE PROPERTIES (CDP) Stock Technical Analysis
NYSE:CDP - New York Stock Exchange, Inc. - US22002T1088 - REIT - Currency: USD
We assign a technical rating of 5 out of 10 to CDP. In the last year, CDP was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
CDP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.10, a Stop Loss order could be placed below this zone.
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25.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 27.43 to 28.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.73 from a horizontal line in the daily time frame.
- Support @26.27 from a trend line in the weekly time frame.
- Support @25.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.29 to 28.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.73 from a horizontal line in the daily time frame.
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 CDP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDP is neutral. |
| ChartMill Relative Strength | 55.45 | NEUTRAL | CDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDP is below a declining 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) | DOWN | NEGATIVE | The current price of CDP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.6 | NEUTRAL | The RSI value for CDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.1 | NEUTRAL | The Stochastics value for CDP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for CDP suggests low volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for CDP suggests a possible start of a new trend. |
28.28
+0.08 (+0.28%)