CDW CORP/DE (CDW) Technical Analysis
NASDAQ:CDW • US12514G1085
Current stock price
CDW Technical Rating and Analysis
Taking everything into account, CDW scores 0 out of 10 in our technical rating. 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.
- 84% of all other stocks performed better in the past year than CDW.
- CDW is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 72% are performing better than CDW.
- CDW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CDW is lagging the market.
- CDW has an average volume of 1790790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CDW has a been trading in the 112.98 - 129.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CDW Weekly and Daily overview Charts
CDW Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 120.28. Right above this resistance zone may be a good entry point.
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CDW Support and Resistance Analysis
119.07
3 important resistance areas can be observed.
- A resistance zone ranging from 120.28 to 121.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 135.34 to 135.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 145.54 to 147.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
CDW 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 | 16.73 | NEGATIVE | CDW has a low relative strength, it was outperformed by 83.27% 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) | 44.97 | NEUTRAL | The RSI value for CDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CDW has a positive trend. |
| Stochastics (14,3) | 43.26 | NEUTRAL | The Stochastics value for CDW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CDW suggests some volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for CDW suggests a strong trend. |
CDW Chart- and CandleStick Pattern Analysis
CDW Technicals: Chart, Performance Metrics, Trend & Indicators
120.27
+0.62 (+0.52%)
CDW CORP/DE / CDW TA 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 44.9736. 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 resistance level at 120.28. Check the full technical report for our detailed analysis of CDW support and resistance levels.