CENTRAL GARDEN & PET CO (CENT) Stock Technical Analysis
NASDAQ:CENT • US1535271068
Overall CENT gets a technical rating of 8 out of 10. Although CENT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CENT 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 CENT is lagging the market slightly.
- CENT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, CENT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- CENT is part of the Household Products industry. There are 12 other stocks in this industry, CENT did better than 54% of them.
Besides having an excellent technical rating, CENT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.94, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.33 to 37.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.84 from a trend line in the daily time frame.
- Support @32.02 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @39.63 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 40.30 to 41.08. 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 CENT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CENT is up. |
| ChartMill Relative Strength | 63.66 | NEUTRAL | CENT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CENT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CENT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CENT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.93 | OVERBOUGHT | The high RSI value suggests CENT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests CENT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.07 | OVERBOUGHT | The high Stochastics value suggests CENT may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CENT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for CENT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 39.64 | 37.32 | 2.32 (5.85%) | 17.09% |
| An entry @39.64. This is a Buy Stop order right above the resistance zone. | An exit @37.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.32 points, which is 5.85%. | For a 1.00% total portfolio risk, you can invest 17.09% of your capital in this trade. |
- 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.
37.95
+0.6 (+1.61%)
CENTRAL GARDEN & PET CO / CENT FAQ
Can you provide the ChartMill technical rating for CENTRAL GARDEN & PET CO?
ChartMill assigns a technical rating of 8 / 10 to CENT.
What is the trend direction for CENT stock?
The current trend direction for CENTRAL GARDEN & PET CO (CENT) is Bullish.
Can you provide the RSI signal for CENTRAL GARDEN & PET CO?
CENTRAL GARDEN & PET CO (CENT) has an RSI value of 74.9323. This indicates that the stock is currently overbought.
What is the short term momentum for CENT stock?
The short term momentum for CENTRAL GARDEN & PET CO (CENT) is positive.
Can you provide the buy/sell signal for CENTRAL GARDEN & PET CO?
The buy/sell signal for CENTRAL GARDEN & PET CO (CENT) is buy as both the short term and long term trends are positive.