CULLEN/FROST BANKERS INC (CFR)       136.63  +1.16 (+0.86%)

136.63  +1.16 (+0.86%)

US2298991090 - Common Stock

Technical Rating

7

Overall CFR gets a technical rating of 7 out of 10. Although CFR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CFR is part of the Banks industry. There are 309 other stocks in this industry. CFR outperforms 94% of them.
Looking at the yearly performance, CFR did better than 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CFR is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So CFR is doing better than the market!
In the last month CFR has a been trading in the 128.35 - 143.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 3.03% 14.58% -2.90% 10.90% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 94.46 112.67 - 147.39
CFR Weekly chart
CFR Daily chart

Support/Resistance Analysis


115.56

144.49
4 important support areas can be observed.
  • Support @129.95 from a horizontal line in the daily time frame.
  • Support @127.75 from a horizontal line in the daily time frame.
  • Support @121.22 from a trend line in the weekly time frame.
  • A support zone ranging from 116.73 to 117.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • Strong resistance @143.06 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

6

CFR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 143.06. Right above this resistance zone may be a good entry point.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
139.17133.895.28 (3.80%)25.00%
An entry @139.17. This is a Buy Stop order right above the 10 day moving average.An exit @133.89. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 5.28 points, which is 3.80%.For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of CFR. 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.
CFR Daily chart

CULLEN/FROST BANKERS INC136.63

NYSE:CFR (9/27/2022, 10:13:10 AM)+1.16 (+0.86%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0.86% 1 Week -4.07%
2 Weeks -4.71% 1 Month 3.03%
3 Month 14.58% 6 Month -2.9%
Volatility
ATR(14) 3.61 ATR(20)% 2.48%
ATR Inc -1.36% Range Today 1.15
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 94.46 Mansfield 2.02
10 Day High 143.41 10 Day Low 133.9
20 Day High 143.41 20 Day Low 128.35
52 Week High 147.39 52 Week Low 112.67
CS1 End 129.95 CR1 Start 143.06
Volume & EV
DER(3) -0.05% DER(5) -1.33%
Volume 47.53K Volume Incr -16.94%
Vol(5) 381.20K Vol(50) 357.60K

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