CENTER COAST BROOKFIELD MLP (CEN) Stock Technical Analysis
NYSE:CEN - New York Stock Exchange, Inc. - US1514612092 - Currency: USD
Taking everything into account, CEN scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: CEN has an average volume of 24142 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, CEN did better than 88% of all other stocks. We also observe that the gains produced by CEN over the past year are nicely spread over this period.
CEN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CEN is performing more or less in line with the market.
In the last month CEN has a been trading in the 20.12 - 21.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although CEN 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
16.22
21.72
We found 6 important support areas.
- A support zone ranging from 20.67 to 20.72. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 20.27 to 20.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 18.54 to 18.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.82 from a trend line in the weekly time frame.
- Support @17.30 from a trend line in the weekly time frame.
- Support @16.38 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.89 to 21.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 21.50 to 21.50. 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 CEN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CEN is down. |
| ChartMill Relative Strength | 88.15 | POSITIVE | CEN has a high relative strength, it outperformed 88.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CEN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for CEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.71 | NEUTRAL | The Stochastics value for CEN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for CEN suggests low volalility. |
| Average Directional Index/ADX (14) | 24.34 | NEUTRAL | The ADX value for CEN 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)
NYSE:CEN (10/6/2023, 8:20:39 PM)
20.73
+0.22 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.07%
1 Week-2.22%
2 Weeks-1.89%
1 Month-1.38%
3 Month6.09%
6 Month9.86%
12 Month25.64%
2 Year37.74%
3 Year178.26%
5 Year-75.11%
10 Year-89.63%
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.47%
ATR Inc28.09%
Range Today0.53
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
CRS88.15
Mansfield0.58
10 Day High21.42
10 Day Low20.12
20 Day High21.46
20 Day Low20.12
52 Week High22.7
52 Week Low15.4
CS1 End20.72
CR1 Start20.89
Volume & EV
DER(3)-0.29%
DER(5)-2.26%
Volume22.50K
Volume Incr-1.08%
Vol(5)31.72K
Vol(50)24.14K