CECO ENVIRONMENTAL CORP (CECO) Stock Technical Analysis
NASDAQ:CECO • US1251411013
Overall CECO gets a technical rating of 10 out of 10. 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!
- Looking at the yearly performance, CECO did better than 98% of all other stocks. On top of that, CECO also shows a nice and consistent pattern of rising prices.
- CECO is part of the Machinery industry. There are 131 other stocks in this industry. CECO outperforms 99% of them.
- CECO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CECO has a been trading in the 65.51 - 79.96 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CECO has an excellent technical rating, the quality of the presented setup is not ideal 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
58.76
2 important support areas can be observed.
- A support zone ranging from 66.37 to 67.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.35 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.92 to 79.14. This zone is formed by a combination of multiple trend lines 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 CECO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CECO is up. |
| ChartMill Relative Strength | 98.47 | POSITIVE | CECO has a high relative strength, it outperformed 98.47% 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) | 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) | 72.52 | OVERBOUGHT | The high RSI value suggests CECO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests CECO has a positive trend. |
| Stochastics (14,3) | 90.24 | OVERBOUGHT | The high Stochastics value suggests CECO may be overbought. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CECO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.01 | POSITIVE | The high ADX value value for CECO suggests a strong trend. |
78.41
-0.52 (-0.66%)
CECO ENVIRONMENTAL CORP / CECO 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 stock?
CECO ENVIRONMENTAL CORP (CECO) has an RSI value of 72.5181. This indicates that the stock is currently overbought.
Can you provide the short term momentum for CECO ENVIRONMENTAL CORP?
The short term momentum for CECO ENVIRONMENTAL CORP (CECO) is positive.
What is the buy/sell signal for CECO stock?
The buy/sell signal for CECO ENVIRONMENTAL CORP (CECO) is buy as both the short term and long term trends are positive.