CECO ENVIRONMENTAL CORP (CECO) Technical Analysis
NASDAQ:CECO • US1251411013
Current stock price
CECO Technical Rating and Analysis
Taking everything into account, CECO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CECO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CECO is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by CECO over the past year are nicely spread over this period.
- CECO is part of the Machinery industry. There are 131 other stocks in this industry. CECO outperforms 96% of them.
- CECO 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 CECO is lagging the market slightly.
- In the last month CECO has a been trading in the 58.52 - 75.93 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CECO Weekly and Daily overview Charts
CECO Setup Rating and Analysis
Although CECO 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
CECO Support and Resistance Analysis
52.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 64.16 to 65.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.30 from a trend line in the weekly time frame.
- Support @53.11 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 79.14 to 79.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
CECO 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 CECO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CECO is up. |
| ChartMill Relative Strength | 95.68 | POSITIVE | CECO has a high relative strength, it outperformed 95.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CECO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CECO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CECO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.16 | NEUTRAL | The RSI value for CECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests CECO has a positive trend. |
| Stochastics (14,3) | 84.63 | OVERBOUGHT | The high Stochastics value suggests CECO may be overbought. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for CECO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.85 | NEUTRAL | The ADX value for CECO suggests a possible start of a new trend. |
CECO Chart- and CandleStick Pattern Analysis
CECO Technicals: Chart, Performance Metrics, Trend & Indicators
74.3
+0.16 (+0.22%)
CECO ENVIRONMENTAL CORP / CECO TA FAQ
What is the ChartMill technical rating of CECO ENVIRONMENTAL CORP (CECO) stock?
ChartMill assigns a technical rating of 10 / 10 to CECO.
What is the trend direction for CECO stock?
The current trend direction for CECO ENVIRONMENTAL CORP (CECO) is Bullish.
What is the RSI signal for CECO ENVIRONMENTAL CORP (CECO) stock?
CECO ENVIRONMENTAL CORP (CECO) has an RSI value of 67.1633. This indicates that the stock is currently neutral.
What is the MACD signal for CECO stock?
The MACD indicator for CECO ENVIRONMENTAL CORP (CECO) has a value of 1.09385, indicating a bullish trend.
What is the short term momentum for CECO ENVIRONMENTAL CORP (CECO) stock?
The short term momentum for CECO ENVIRONMENTAL CORP (CECO) is positive.