CLS Technical Analysis - CELESTICA INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to CLS. In the last year, CLS was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

Looking at the yearly performance, CLS did better than 96% of all other stocks. On top of that, CLS also shows a nice and consistent pattern of rising prices.

CLS is part of the Electronic Equipment, Instruments & Components industry. There are 13 other stocks in this industry. CLS outperforms 100% of them.

CLS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CLS has a been trading in the 315.41 - 361.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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 CLS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

295.95

359.85

We found 2 important support areas.

A support zone ranging from 326.11 to 326.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 298.94 to 301.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @356.29 from a horizontal line in the daily time frame.

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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 CLS.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CLS.CA is neutral.
ChartMill Relative Strength	96.31	POSITIVE	CLS.CA has a high relative strength, it outperformed 96.31% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CLS.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CLS.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CLS.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.51	NEUTRAL	The RSI value for CLS.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-4.08	NEGATIVE	The MACD value suggests CLS.CA has a negative trend.
Stochastics (14,3)	58.49	NEUTRAL	The Stochastics value for CLS.CA is a neutral value.
Average True Range in percent/ATR (20)	5.11	HIGH VOLATILITY	The high ATR as a percentage value for CLS.CA suggests high volalility.
Average Directional Index/ADX (14)	22.23	NEUTRAL	The ADX value for CLS.CA suggests a possible start of a new trend.