CELESTICA INC (CLS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CLS - CA15101Q2071 - Common Stock
Taking everything into account, CLS scores 8 out of 10 in our technical rating. 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 may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that CLS is one of the better performing stocks in the market, outperforming 96% of all 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 126 other stocks in this industry. CLS outperforms 92% of them.
- CLS 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 CLS is lagging the market slightly.
- CLS has an average volume of 2721410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CLS has a been trading in the 266.06 - 333.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CLS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 297.09, a Stop Loss order could be placed below this zone.
More info and screens
268.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 292.82 to 297.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 280.05 to 284.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @270.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @325.30 from a trend line in the daily time frame.
- A resistance zone ranging from 352.61 to 352.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for CLS is neutral. |
| ChartMill Relative Strength | 96.7 | POSITIVE | CLS has a high relative strength, it outperformed 96.7% 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) | DOWN | MIXED | The current price of CLS is above a declining 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) | 52.38 | NEUTRAL | The RSI value for CLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.09 | POSITIVE | The MACD value suggests CLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.99 | NEUTRAL | The Stochastics value for CLS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for CLS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for CLS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 325.31 | 292.81 | 32.50 (9.99%) | 10.01% |
| An entry @325.31. This is a Buy Stop order right above the resistance zone. | An exit @292.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 32.50 points, which is 9.99%. | For a 1.00% total portfolio risk, you can invest 10.01% of your capital in this trade. |
- 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.
313.6
+0.07 (+0.02%)
CELESTICA INC / CLS FAQ
Can you provide the ChartMill technical rating for CELESTICA INC?
ChartMill assigns a technical rating of 8 / 10 to CLS.
What is the current trend direction of CELESTICA INC (CLS) stock?
The current trend direction for CELESTICA INC (CLS) is Bullish.
What is the RSI signal for CLS stock?
CELESTICA INC (CLS) has an RSI value of 52.3758. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CELESTICA INC?
The short term momentum for CELESTICA INC (CLS) is neutral.
Can you provide the support and resistance levels for CELESTICA INC?
CELESTICA INC (CLS) has a support level at 297.09 and a resistance level at 325.3. Check the full technical report for our detailed analysis of CLS support and resistance levels.