CULLEN/FROST BANKERS INC (CFR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CFR - US2298991090 - Common Stock
We assign a technical rating of 2 out of 10 to CFR. CFR'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.
Although the technical rating is bad, CFR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 124.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 124.02, a Stop Loss order could be placed below this zone.
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105.85
4 important support areas can be observed.
- A support zone ranging from 122.44 to 124.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.85 to 120.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @116.55 from a trend line in the weekly time frame.
- Support @106.92 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 124.67 to 125.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @128.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 133.10 to 134.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 138.75 to 138.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @142.32 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 | NEUTRAL | NEUTRAL | The long term trend for CFR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CFR is neutral. |
| ChartMill Relative Strength | 28.27 | NEGATIVE | CFR has a low relative strength, it was outperformed by 71.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CFR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CFR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CFR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53 | NEUTRAL | The RSI value for CFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests CFR has a positive trend. |
| Stochastics (14,3) | 66.65 | NEUTRAL | The Stochastics value for CFR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CFR suggests some volalility. |
| Average Directional Index/ADX (14) | 11.78 | NEGATIVE | The low ADX value for CFR suggests a weak or negative trend. |
124.64
-0.63 (-0.5%)
CULLEN/FROST BANKERS INC / CFR FAQ
What is the ChartMill technical rating of CULLEN/FROST BANKERS INC (CFR) stock?
ChartMill assigns a technical rating of 2 / 10 to CFR.
What is the current trend direction of CULLEN/FROST BANKERS INC (CFR) stock?
The current trend direction for CULLEN/FROST BANKERS INC (CFR) is Bearish.
What is the RSI signal for CFR stock?
CULLEN/FROST BANKERS INC (CFR) has an RSI value of 52.9983. This indicates that the stock is currently neutral.
What is the short term momentum for CULLEN/FROST BANKERS INC (CFR) stock?
The short term momentum for CULLEN/FROST BANKERS INC (CFR) is neutral.
What is the support and resistance level for CFR stock?
CULLEN/FROST BANKERS INC (CFR) has a support level at 124.02 and a resistance level at 124.67. Check the full technical report for our detailed analysis of CFR support and resistance levels.