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.
Although the technical rating is bad, CDW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
135.26
We found 2 important support areas.
- Support @139.70 from a horizontal line in the weekly time frame.
- Support @136.63 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 146.26 to 149.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @152.83 from a trend line in the weekly 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 | 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 | 16.96 | NEGATIVE | CDW has a low relative strength, it was outperformed by 83.04% 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) | 39.3 | NEUTRAL | The RSI value for CDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests CDW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.37 | OVERSOLD | The low Stochastics value suggests CDW may be oversold. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CDW suggests some volalility. |
| Average Directional Index/ADX (14) | 25.11 | POSITIVE | The high ADX value value for CDW suggests a strong trend. |
139.71
+1 (+0.72%)
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 current trend direction of CDW CORP/DE (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 39.3046. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CDW CORP/DE?
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 support level at 139.7 and a resistance level at 146.26. Check the full technical report for our detailed analysis of CDW support and resistance levels.