CECO ENVIRONMENTAL CORP (CECO) Stock Technical Analysis
NASDAQ:CECO - Nasdaq - US1251411013 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CECO. In the last year, CECO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CECO did better than 84% of all other stocks.
CECO is an average performer in the Commercial Services & Supplies industry, it outperforms 69% of 83 stocks in the same industry.
CECO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CECO is lagging the market slightly.
In the last month CECO has a been trading in the 25.91 - 28.69 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 resistance zone just above the current price starting at 27.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CECO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
18.70
28.76
4 important support areas can be observed.
- A support zone ranging from 27.12 to 27.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.19 to 26.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.06 from a trend line in the weekly 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 27.76 to 27.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.48 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 | UP | POSITIVE | The short term trend for CECO is up. |
| ChartMill Relative Strength | 84.93 | POSITIVE | CECO has a high relative strength, it outperformed 84.93% 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) | DOWN | MIXED | The current price of CECO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.39 | NEUTRAL | The RSI value for CECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.58 | NEUTRAL | The Stochastics value for CECO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CECO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.22 | NEUTRAL | The ADX value for CECO suggests a possible start of a new 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 |
|---|---|---|---|
| 27.79 | 27.11 | 0.68 (2.45%) | 25.00% |
| An entry @27.79. This is a Buy Stop order right above the resistance zone. | An exit @27.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.68 points, which is 2.45%. | For a 0.61% total portfolio risk, you can invest 25.00% 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.
27.75
-0.12 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.43%
1 Week5.96%
2 Weeks3.2%
1 Month5.59%
3 Month19.35%
6 Month-13.58%
12 Month18.69%
2 Year107.71%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%3.63%
ATR Inc28.5%
Range Today1.2
ADR(20)1
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.93
Mansfield-0.12
10 Day High28.2
10 Day Low25.96
20 Day High28.69
20 Day Low25.92
52 Week High35.16
52 Week Low17.57
CS1 End27.44
CR1 Start27.76
Volume & EV
DER(3)6.19%
DER(5)6.91%
Volume358.30K
Volume Incr31.37%
Vol(5)272.34K
Vol(50)278.60K