CENTRAL SECURITIES CORP (CET) Stock Technical Analysis
USA - NYSEARCA:CET - US1551231020
Taking everything into account, CET scores 1 out of 10 in our technical rating. CET has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of CET is bad and it also does not present a quality setup 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.
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40.63
When analyzing the support we can see 2 important areas.
- Support @47.93 from a horizontal line in the daily time frame.
- Support @41.04 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @48.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 49.86 to 50.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.70 to 51.99. 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 | NEUTRAL | NEUTRAL | The long term trend for CET is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CET is down. |
| ChartMill Relative Strength | 50.71 | NEUTRAL | CET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.56 | OVERSOLD | The low RSI value suggests CET may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests CET has a negative trend. |
| Stochastics (14,3) | 7.94 | OVERSOLD | The low Stochastics value suggests CET may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CET suggests some volalility. |
| Average Directional Index/ADX (14) | 26.37 | POSITIVE | The high ADX value value for CET suggests a strong trend. |
47.94
-0.44 (-0.91%)
CENTRAL SECURITIES CORP / CET FAQ
What is the technical rating for CET stock?
ChartMill assigns a technical rating of 1 / 10 to CET.
What is the trend direction for CET stock?
The current trend direction for CENTRAL SECURITIES CORP (CET) is Bearish.
What is the RSI signal for CET stock?
CENTRAL SECURITIES CORP (CET) has an RSI value of 27.5629. This indicates that the stock is currently oversold.
What is the MACD signal for CET stock?
The MACD indicator for CENTRAL SECURITIES CORP (CET) has a value of -0.374746, indicating a bearish trend.
What is the short term momentum for CET stock?
The short term momentum for CENTRAL SECURITIES CORP (CET) is negative.