CECO ENVIRONMENTAL CORP (CECE) Stock Technical Analysis
NASDAQ:CECE - Nasdaq - US1251411013 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CECE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CECE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CECE is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. CECE outperforms 98% of them.
CECE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CECE is lagging the market slightly.
Looking at the yearly performance, CECE did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month CECE has a been trading in the 9.22 - 12.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CECE has an excellent technical rating, it does not present a decent entry opportunity 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
8.81
12.03
3 important support areas can be observed.
- Support @11.39 from a horizontal line in the daily time frame.
- A support zone ranging from 9.94 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.68 to 11.91. 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 | UP | POSITIVE | The long term trend for CECE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CECE is up. |
| ChartMill Relative Strength | 98.57 | POSITIVE | CECE has a high relative strength, it outperformed 98.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CECE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CECE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CECE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.16 | NEUTRAL | The RSI value for CECE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CECE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.69 | NEUTRAL | The Stochastics value for CECE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for CECE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.58 | POSITIVE | The high ADX value value for CECE suggests a strong 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)
11.65
+0.25 (+2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.19%
1 Week-1.44%
2 Weeks10.95%
1 Month23.94%
3 Month44.72%
6 Month172.2%
12 Month55.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%4.68%
ATR Inc6.14%
Range Today0.47
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
CRS98.57
Mansfield8.3
10 Day High12.54
10 Day Low10.79
20 Day High12.54
20 Day Low9.22
52 Week High12.54
52 Week Low4.09
CS1 End11.39
CR1 Start11.68
Volume & EV
DER(3)-5.03%
DER(5)-5.12%
Volume201.40K
Volume Incr12.77%
Vol(5)296.88K
Vol(50)284.17K