CDW CORP/DE (CDW) Technical Analysis
NASDAQ:CDW • US12514G1085
Taking everything into account, CDW scores 0 out of 10 in our technical rating. CDW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CDW is a bad performer in the overall market: 88% 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 77% are performing better than CDW.
- CDW is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CDW is lagging the market.
- In the last month CDW has a been trading in the 112.98 - 134.98 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CDW has an average volume of 1719360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CDW is bad and it also does not present a 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.
More info and screens
112.35
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 121.71 to 123.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @125.53 from a horizontal line in the daily time frame.
- A resistance zone ranging from 137.08 to 137.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 146.52 to 147.39. 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 | 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 | 12.69 | NEGATIVE | CDW has a low relative strength, it was outperformed by 87.31% 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) | 27.91 | OVERSOLD | The low RSI value suggests CDW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests CDW has a negative trend. |
| Stochastics (14,3) | 10.35 | OVERSOLD | The low Stochastics value suggests CDW may be oversold. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CDW suggests some volalility. |
| Average Directional Index/ADX (14) | 33.98 | POSITIVE | The high ADX value value for CDW suggests a strong trend. |
CDW Technicals: Chart, Performance Metrics, Trend & Indicators
113.48
-5.43 (-4.57%)
CDW CORP/DE / CDW FAQ
Can you provide the ChartMill technical rating for CDW CORP/DE?
ChartMill assigns a technical rating of 0 / 10 to CDW.
What is the trend direction for CDW stock?
The current trend direction for CDW CORP/DE (CDW) is Bearish.
What is the RSI signal for CDW CORP/DE (CDW) stock?
CDW CORP/DE (CDW) has an RSI value of 27.9088. This indicates that the stock is currently oversold.
What is the buy/sell signal for CDW CORP/DE (CDW) stock?
The buy/sell signal for CDW CORP/DE (CDW) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CDW CORP/DE?
CDW CORP/DE (CDW) has a resistance level at 121.71. Check the full technical report for our detailed analysis of CDW support and resistance levels.