CDW CORP/DE (CDW) Stock Technical Analysis
NASDAQ:CDW - Nasdaq - US12514G1085 - Common Stock - Currency: USD
Overall CDW gets a technical rating of 3 out of 10. 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.
When comparing the yearly performance of all stocks, CDW is a bad performer in the overall market: 78% of all stocks are doing better.
CDW is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 69% are performing better than CDW.
CDW has an average volume of 1483750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CDW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDW is lagging the market.
In the last month CDW has a been trading in the 171.16 - 192.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 181.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 175.74, a Stop Loss order could be placed below this zone.
More info and screens
172.62
204.93
When analyzing the support we notice one important area.
- A support zone ranging from 174.36 to 175.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 181.95 to 184.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 189.04 to 190.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @194.50 from a horizontal line in the daily time frame.
- Resistance @202.90 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for CDW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDW is neutral. |
| ChartMill Relative Strength | 22.87 | NEGATIVE | CDW has a low relative strength, it was outperformed by 77.13% 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) | UP | POSITIVE | The current price of CDW is above the rising 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) | 47.74 | NEUTRAL | The RSI value for CDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.44 | NEGATIVE | The MACD value suggests CDW has a negative trend. |
| Stochastics (14,3) | 37 | NEUTRAL | The Stochastics value for CDW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CDW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for CDW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
175.75
-2.98 (-1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.67%
1 Week-0.59%
2 Weeks-4.14%
1 Month-7.83%
3 Month5.24%
6 Month-0.18%
12 Month-21.26%
2 Year-4.22%
3 Year11.54%
5 Year51.27%
10 Year412.69%
15 YearN/A
Volatility
ATR(14)4.16
ATR(20)%2.24%
ATR Inc-18.41%
Range Today4.74
ADR(20)3.65
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.87
Mansfield-1.36
10 Day High185.16
10 Day Low171.16
20 Day High192.3
20 Day Low171.16
52 Week High241.26
52 Week Low137.31
CS1 End175.74
CR1 Start181.95
Volume & EV
DER(3)0.24%
DER(5)0.58%
Volume785.50K
Volume Incr-27.16%
Vol(5)987.67K
Vol(50)1.48M