CDW Technical Analysis - CDW CORP/DE

Technical Rating and Analysis

Overall CDW gets a technical rating of 0 out of 10. CDW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, CDW is a bad performer in the overall market: 90% of all stocks are doing better.

CDW is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 81% are performing better than CDW.

CDW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CDW has a been trading in the 156.66 - 171.55 range, which is quite wide. It is currently trading near the lows of this range.

CDW has an average volume of 1337730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

155.76

196.45

4 important resistance areas can be observed.

Resistance @157.60 from a trend line in the daily time frame.
A resistance zone ranging from 160.15 to 172.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @175.55 from a trend line in the weekly time frame.
Resistance @194.50 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for CDW is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CDW is down.
ChartMill Relative Strength	10.65	NEGATIVE	CDW has a low relative strength, it was outperformed by 89.35% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CDW is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CDW is below a declining 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)	42.85	NEUTRAL	The RSI value for CDW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.29	NEGATIVE	The MACD value suggests CDW has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.47	NEUTRAL	The Stochastics value for CDW is a neutral value.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for CDW suggests some volalility.
Average Directional Index/ADX (14)	10.54	NEGATIVE	The low ADX value for CDW suggests a weak or negative trend.