CEMTREX INC (CETX) Stock Technical Analysis
NASDAQ:CETX - Nasdaq - US15130G8814 - Common Stock - Currency: USD
Taking everything into account, CETX scores 2 out of 10 in our technical rating. CETX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CETX is a bad performer in the overall market: 96% of all stocks are doing better.
CETX is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 91% are performing better than CETX.
CETX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CETX is lagging the market.
In the last month CETX has a been trading in the 1.30 - 2.84 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
CETX has a poor technical rating and the quality of the setup is also not perfect 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
1.66
2.38
We found 1 important support area.
- A support zone ranging from 1.68 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.14 from a trend line in the daily time frame.
- Resistance @2.36 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CETX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CETX is neutral. |
| ChartMill Relative Strength | 4.9 | NEGATIVE | CETX has a low relative strength, it was outperformed by 95.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CETX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CETX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CETX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.75 | NEUTRAL | The RSI value for CETX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CETX has a negative trend. |
| Stochastics (14,3) | 22.78 | NEUTRAL | The Stochastics value for CETX is a neutral value. |
| Average True Range in percent/ATR (20) | 16.6 | HIGH VOLATILITY | The high ATR as a percentage value for CETX suggests high volalility. |
| Average Directional Index/ADX (14) | 50.16 | POSITIVE | The high ADX value value for CETX suggests a strong 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)
1.69
+0 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.3%
1 Week-17.56%
2 Weeks11.92%
1 Month19.01%
3 Month-1.17%
6 Month-46.86%
12 Month-99.78%
2 Year-99.99%
3 Year-99.99%
5 Year-100%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%16.6%
ATR Inc139.98%
Range Today1.21
ADR(20)0.28
ADR(20)%16.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.9
Mansfield-9.88
10 Day High2.84
10 Day Low1.5
20 Day High2.84
20 Day Low1.3
52 Week High818.79
52 Week Low1.14
CS1 End1.68
CR1 Start2.14
Volume & EV
DER(3)-5.22%
DER(5)-2.16%
Volume10.73M
Volume Incr701.29%
Vol(5)2.22M
Vol(50)351.39K