CDW CORP/DE (CDW) Stock Technical Analysis
NASDAQ:CDW - Nasdaq - US12514G1085 - Common Stock - Currency: USD
Overall CDW gets a technical rating of 3 out of 10. In the past year, CDW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CDW is a bad performer in the overall market: 78% of all stocks are doing better.
CDW is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 70% are performing better than CDW.
In the last month CDW has a been trading in the 170.05 - 183.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CDW has an average volume of 1142000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CDW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDW is lagging the market.
CDW has a bad technical rating, but it does show 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 176.06, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
168.29
196.45
We found 2 important support areas.
- A support zone ranging from 174.05 to 176.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 169.99 to 170.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 177.09 to 181.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 189.04 to 190.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @194.50 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 CDW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDW is neutral. |
| ChartMill Relative Strength | 22.58 | NEGATIVE | CDW has a low relative strength, it was outperformed by 77.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CDW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CDW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.23 | NEUTRAL | The RSI value for CDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CDW has a negative trend. |
| Stochastics (14,3) | 48.08 | NEUTRAL | The Stochastics value for CDW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CDW suggests some volalility. |
| Average Directional Index/ADX (14) | 11.32 | NEGATIVE | The low ADX value for CDW suggests a weak or negative trend. |
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)
176.87
-2.72 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.51%
1 Week-0.47%
2 Weeks-0.28%
1 Month3.66%
3 Month11.98%
6 Month-9.36%
12 Month-23.01%
2 Year-5.45%
3 Year-2.57%
5 Year52.15%
10 Year392.26%
15 YearN/A
Volatility
ATR(14)3.84
ATR(20)%2.21%
ATR Inc-24.52%
Range Today3.35
ADR(20)3.8
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.58
Mansfield-1.3
10 Day High182.9
10 Day Low174.1
20 Day High183.91
20 Day Low170.05
52 Week High237.48
52 Week Low137.31
CS1 End176.06
CR1 Start177.09
Volume & EV
DER(3)-1.68%
DER(5)-1.97%
Volume589.60K
Volume Incr-29.64%
Vol(5)801.00K
Vol(50)1.14M