CENTRAL GARDEN AND PET CO-A (CENTA) Stock Technical Analysis
NASDAQ:CENTA • US1535272058
Taking everything into account, CENTA scores 8 out of 10 in our technical rating. Although CENTA 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.
- CENTA is part of the Household Products industry. There are 12 other stocks in this industry. CENTA outperforms 72% of them.
- CENTA 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 CENTA is lagging the market slightly.
- In the last month CENTA has a been trading in the 28.62 - 35.44 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, CENTA did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CENTA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 34.08, a Stop Loss order could be placed below this zone.
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28.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.48 to 34.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.01 to 30.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.06 to 29.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @36.59 from a horizontal line in the weekly 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 CENTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CENTA is up. |
| ChartMill Relative Strength | 70.58 | POSITIVE | CENTA has a high relative strength, it outperformed 70.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CENTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CENTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CENTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.51 | OVERBOUGHT | The high RSI value suggests CENTA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CENTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.22 | OVERBOUGHT | The high Stochastics value suggests CENTA may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CENTA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for CENTA 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 |
|---|---|---|---|
| 36.60 | 33.47 | 3.13 (8.55%) | 11.69% |
| An entry @36.60. This is a Buy Stop order right above the resistance zone. | An exit @33.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.13 points, which is 8.55%. | For a 1.00% total portfolio risk, you can invest 11.69% 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.
35.23
+0.62 (+1.79%)
CENTRAL GARDEN AND PET CO-A / CENTA FAQ
Can you provide the ChartMill technical rating for CENTRAL GARDEN AND PET CO-A?
ChartMill assigns a technical rating of 8 / 10 to CENTA.
What is the current trend direction of CENTRAL GARDEN AND PET CO-A (CENTA) stock?
The current trend direction for CENTRAL GARDEN AND PET CO-A (CENTA) is Bullish.
What is the RSI signal for CENTRAL GARDEN AND PET CO-A (CENTA) stock?
CENTRAL GARDEN AND PET CO-A (CENTA) has an RSI value of 78.5071. This indicates that the stock is currently overbought.
Can you provide the short term momentum for CENTRAL GARDEN AND PET CO-A?
The short term momentum for CENTRAL GARDEN AND PET CO-A (CENTA) is positive.
Can you provide the buy/sell signal for CENTRAL GARDEN AND PET CO-A?
The buy/sell signal for CENTRAL GARDEN AND PET CO-A (CENTA) is buy as both the short term and long term trends are positive.