CLS Technical Analysis - CELESTICA INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to CLS. Both in the recent history as in the last year, CLS has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that CLS is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by CLS over the past year are nicely spread over this period.

CLS is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. CLS outperforms 93% 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 179.01 - 258.16 range, which is quite wide. It is currently trading near the high of this range.

CLS has an average volume of 3562800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

203.89

255.46

We found 2 important support areas.

A support zone ranging from 241.76 to 241.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @205.95 from a trend 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 is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CLS is up.
ChartMill Relative Strength	98.73	POSITIVE	CLS has a high relative strength, it outperformed 98.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CLS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CLS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CLS is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.77	NEUTRAL	The RSI value for CLS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.04	POSITIVE	The MACD value suggests CLS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.22	OVERBOUGHT	The high Stochastics value suggests CLS may be overbought.
Average True Range in percent/ATR (20)	5.05	HIGH VOLATILITY	The high ATR as a percentage value for CLS suggests high volalility.
Average Directional Index/ADX (14)	35.23	POSITIVE	The high ADX value value for CLS suggests a strong trend.