CECO ENVIRONMENTAL CORP (CECO) Stock Technical Analysis
USA - NASDAQ:CECO - US1251411013 - Common Stock
48.88 USD
-2.04 (-4.01%)
48.88 USD
0 (0%)
Taking everything into account, CECO scores 8 out of 10 in our technical rating. In the last year, CECO was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
Looking at the yearly performance, CECO did better than 94% of all other stocks.
CECO is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. CECO outperforms 92% 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 47.28 - 53.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CECO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 48.87, a Stop Loss order could be placed below this zone.
More info and screens
18.70
53.64
4 important support areas can be observed.
- A support zone ranging from 47.85 to 48.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.85 from a trend line in the daily time frame.
- Support @43.93 from a horizontal line in the daily time frame.
- Support @18.89 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 50.29 to 50.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.11 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 | UP | POSITIVE | The long term trend for CECO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CECO is neutral. |
| ChartMill Relative Strength | 94.16 | POSITIVE | CECO has a high relative strength, it outperformed 94.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CECO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CECO is above the rising 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) | 48.26 | NEUTRAL | The RSI value for CECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CECO has a negative trend. |
| Stochastics (14,3) | 52.99 | NEUTRAL | The Stochastics value for CECO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for CECO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.66 | POSITIVE | The high ADX value value for CECO 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.52 | 47.84 | 2.68 (5.30%) | 18.85% |
| An entry @50.52. This is a Buy Stop order right above the resistance zone. | An exit @47.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.68 points, which is 5.30%. | For a 1.00% total portfolio risk, you can invest 18.85% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CECO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.88
-2.04 (-4.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-4.01%
1 Week-1.88%
2 Weeks-2.78%
1 Month-0.02%
3 Month52.75%
6 Month152.48%
12 Month81.98%
2 Year202.1%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.57
ATR(20)%4.78%
ATR Inc3.87%
Range Today2.35
ADR(20)2.3
ADR(20)%4.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.16
Mansfield4.08
10 Day High53.88
10 Day Low47.28
20 Day High53.88
20 Day Low47.28
52 Week High53.88
52 Week Low17.57
CS1 End48.87
CR1 Start50.29
Volume & EV
DER(3)0.51%
DER(5)-0.71%
Volume299.60K
Volume Incr5.4%
Vol(5)638.44K
Vol(50)523.56K