CDRE Technical Analysis - CADRE HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to CDRE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CDRE is only an average performer.

The long and short term trends are both positive. This is looking good!

CDRE 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 CDRE has a been trading in the 33.30 - 42.06 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, CDRE did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

CDRE is an average performer in the Aerospace & Defense industry, it outperforms 55% of 69 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CADRE HOLDINGS INC / CDRE Weekly stock chart

CADRE HOLDINGS INC / CDRE Daily stock chart

Setup Rating and Analysis

Although CDRE has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

27.89

41.49

We found 4 important support areas.

Support @36.08 from a horizontal line in the daily time frame.
Support @29.76 from a trend line in the weekly time frame.
Support @29.14 from a horizontal line in the daily time frame.
Support @28.17 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 40.98 to 41.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for CDRE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CDRE is up.
ChartMill Relative Strength	79.35	POSITIVE	CDRE has a high relative strength, it outperformed 79.35% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CDRE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CDRE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CDRE is above the rising SMA(200).
Relative Strength Index/RSI (14)	77.09	OVERBOUGHT	The high RSI value suggests CDRE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.28	POSITIVE	The MACD value suggests CDRE has a positive trend.
Stochastics (14,3)	82.4	OVERBOUGHT	The high Stochastics value suggests CDRE may be overbought.
Average True Range in percent/ATR (20)	3.32	MEDIUM VOLATILITY	The ATR as a percentage value for CDRE suggests some volalility.
Average Directional Index/ADX (14)	44.16	POSITIVE	The high ADX value value for CDRE suggests a strong trend.