CHINA EASTERN AIRLINES-ADS (CEA) Stock Technical Analysis
NYSE:CEA - US16937R1041 - ADR
20.09 USD
+0.5 (+2.55%)
We assign a technical rating of 4 out of 10 to CEA. CEA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month CEA has a been trading in the 19.00 - 22.05 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CEA has an average volume of 11408 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that CEA is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CEA is part of the Passenger Airlines industry. There are 22 other stocks in this industry, CEA did better than 52% of them.
CEA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CEA is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CEA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CEA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.81
21.82
5 important support areas can be observed.
- A support zone ranging from 19.11 to 19.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.13 from a trend line in the weekly time frame.
- Support @16.93 from a trend line in the daily time frame.
- A support zone ranging from 16.25 to 16.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.97 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.85 to 21.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for CEA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CEA is down. |
| ChartMill Relative Strength | 84.89 | POSITIVE | CEA has a high relative strength, it outperformed 84.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CEA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CEA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.4 | NEUTRAL | The RSI value for CEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CEA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.46 | NEUTRAL | The Stochastics value for CEA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CEA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.61 | NEGATIVE | The low ADX value for CEA 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)
NYSE:CEA (2/2/2023, 8:04:00 PM)
20.09
+0.5 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg2.55%
1 Week-4.24%
2 Weeks-1.23%
1 Month-5.77%
3 Month13.63%
6 Month12.49%
12 Month3.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%4.01%
ATR Inc76.62%
Range Today1.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.89
Mansfield0.61
10 Day High21.33
10 Day Low19
20 Day High22.05
20 Day Low19
52 Week High22.92
52 Week Low15.54
CS1 End19.14
CR1 Start20.85
Volume & EV
DER(3)3.93%
DER(5)-3.63%
Volume17.00K
Volume Incr40.72%
Vol(5)18.66K
Vol(50)11.41K