CENTURY ALUMINUM COMPANY (CENX) Stock Technical Analysis
USA - NASDAQ:CENX - US1564311082 - Common Stock
We assign a technical rating of 8 out of 10 to CENX. 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.
CENX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
17.28
When analyzing the support we can see 3 important areas.
- Support @28.71 from a horizontal line in the daily time frame.
- Support @25.71 from a trend line in the daily time frame.
- Support @17.45 from a trend 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 CENX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CENX is neutral. |
| ChartMill Relative Strength | 92.56 | POSITIVE | CENX has a high relative strength, it outperformed 92.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CENX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CENX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CENX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.33 | NEUTRAL | The RSI value for CENX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests CENX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.24 | OVERSOLD | The low Stochastics value suggests CENX may be oversold. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for CENX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.47 | NEUTRAL | The ADX value for CENX suggests a possible start of a new 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 |
|---|---|---|---|
| 30.59 | 28.70 | 1.89 (6.18%) | 16.19% |
| An entry @30.59. This is a Buy Stop order right above the 10 day moving average. | An exit @28.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.89 points, which is 6.18%. | For a 1.00% total portfolio risk, you can invest 16.19% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CENX. 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.
29.64
+0.93 (+3.24%)
CENTURY ALUMINUM COMPANY / CENX FAQ
Can you provide the ChartMill technical rating for CENTURY ALUMINUM COMPANY?
ChartMill assigns a technical rating of 8 / 10 to CENX.
What is the current trend direction of CENTURY ALUMINUM COMPANY (CENX) stock?
The current trend direction for CENTURY ALUMINUM COMPANY (CENX) is Bullish.
What is the RSI signal for CENTURY ALUMINUM COMPANY (CENX) stock?
CENTURY ALUMINUM COMPANY (CENX) has an RSI value of 50.3319. This indicates that the stock is currently neutral.
What is the support and resistance level for CENX stock?
CENTURY ALUMINUM COMPANY (CENX) has a support level at 28.71. Check the full technical report for our detailed analysis of CENX support and resistance levels.