CIRC Technical Analysis - CIRCLE SPA

Technical Rating and Analysis

Taking everything into account, CIRC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CIRC has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: CIRC has an average volume of 9418 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, CIRC did better than 97% of all other stocks. We also observe that the gains produced by CIRC over the past year are nicely spread over this period.

CIRC is part of the Professional Services industry. There are 31 other stocks in this industry. CIRC outperforms 96% of them.

CIRC 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 CIRC is lagging the market slightly.

In the last month CIRC has a been trading in the 6.20 - 8.02 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CIRC 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.30

8.09

4 important support areas can be observed.

A support zone ranging from 7.49 to 7.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.31 from a horizontal line in the daily time frame.
A support zone ranging from 7.14 to 7.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @6.36 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 8.01 to 8.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 CIRC.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CIRC.MI is up.
ChartMill Relative Strength	97.45	POSITIVE	CIRC.MI has a high relative strength, it outperformed 97.45% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CIRC.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CIRC.MI is above a declining SMA(50).
Relative Strength Index/RSI (14)	60.94	NEUTRAL	The RSI value for CIRC.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests CIRC.MI has a positive trend.
Stochastics (14,3)	95.34	OVERBOUGHT	The high Stochastics value suggests CIRC.MI may be overbought.
Average True Range in percent/ATR (20)	3.65	MEDIUM VOLATILITY	The ATR as a percentage value for CIRC.MI suggests some volalility.
Average Directional Index/ADX (14)	12.67	NEGATIVE	The low ADX value for CIRC.MI suggests a weak or negative trend.