CDW CORP/DE (CDW) Stock Technical Analysis
NASDAQ:CDW • US12514G1085
We assign a technical rating of 0 out of 10 to CDW. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than CDW.
- CDW is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 78% of 122 stocks in the same industry do better.
- CDW is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CDW has a been trading in the 119.83 - 144.46 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 1887130 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
122.92
We found 1 important support area.
- A support zone ranging from 124.16 to 124.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 133.19 to 135.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 141.42 to 143.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 147.39 to 149.49. 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 | 13.71 | NEGATIVE | CDW has a low relative strength, it was outperformed by 86.29% 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) | 37.68 | NEUTRAL | The RSI value for CDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests CDW has a negative trend. |
| Stochastics (14,3) | 17.57 | OVERSOLD | The low Stochastics value suggests CDW may be oversold. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for CDW suggests some volalility. |
| Average Directional Index/ADX (14) | 38.54 | POSITIVE | The high ADX value value for CDW suggests a strong trend. |
124.17
-0.12 (-0.1%)
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 37.6819. This indicates that the stock is currently neutral.
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 support level at 124.16 and a resistance level at 133.19. Check the full technical report for our detailed analysis of CDW support and resistance levels.