CULLEN/FROST BANKERS INC (CFR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CFR - US2298991090 - Common Stock
Overall CFR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CFR is only an average performer.
- CFR is one of the lesser performing stocks in the Banks industry. 61% of 383 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- CFR 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 CFR is lagging the market slightly.
- In the last month CFR has a been trading in the 125.03 - 143.87 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CFR outperforms 68% of them, which is more or less in line with the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CFR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
117.62
3 important support areas can be observed.
- Support @142.32 from a horizontal line in the weekly time frame.
- A support zone ranging from 122.49 to 133.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @118.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 143.76 to 145.06. 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 | UP | POSITIVE | The long term trend for CFR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFR is up. |
| ChartMill Relative Strength | 68.08 | NEUTRAL | CFR is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CFR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CFR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.78 | OVERBOUGHT | The high RSI value suggests CFR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests CFR has a positive trend. |
| Stochastics (14,3) | 90.22 | OVERBOUGHT | The high Stochastics value suggests CFR may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for CFR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.98 | POSITIVE | The high ADX value value for CFR suggests a strong trend. |
143.33
+5.98 (+4.35%)
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 8 / 10 to CFR.
What is the trend direction for CFR stock?
The current trend direction for CULLEN/FROST BANKERS INC (CFR) is Bullish.
What is the RSI signal for CFR stock?
CULLEN/FROST BANKERS INC (CFR) has an RSI value of 74.7836. This indicates that the stock is currently overbought.
What is the short term momentum for CULLEN/FROST BANKERS INC (CFR) stock?
The short term momentum for CULLEN/FROST BANKERS INC (CFR) is positive.
What is the buy/sell signal for CULLEN/FROST BANKERS INC (CFR) stock?
The buy/sell signal for CULLEN/FROST BANKERS INC (CFR) is buy as both the short term and long term trends are positive.