CEC Technical Analysis - CECONOMY AG

Technical Rating and Analysis

Taking everything into account, CEC scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

CEC is one of the better performing stocks in the Specialty Retail industry, it outperforms 87% of 55 stocks in the same industry.

CEC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

When comparing the yearly performance of all stocks, we notice that CEC is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

In the last month CEC has a been trading in a tight range between 4.36 and 4.42.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, CEC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.39, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.92

4.50

We found 2 important support areas.

A support zone ranging from 4.36 to 4.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.95 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 4.41 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for CEC.DE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CEC.DE is neutral.
ChartMill Relative Strength	89.22	POSITIVE	CEC.DE has a high relative strength, it outperformed 89.22% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of CEC.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CEC.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CEC.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.67	NEUTRAL	The RSI value for CEC.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests CEC.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	40	NEUTRAL	The Stochastics value for CEC.DE is a neutral value.
Average True Range in percent/ATR (20)	0.46	LOW VOLATILITY	The low ATR as a percentage value for CEC.DE suggests low volalility.
Average Directional Index/ADX (14)	22.23	NEUTRAL	The ADX value for CEC.DE suggests a possible start of a new trend.