Taking everything into account, CNRG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CNRG has proven to be a steady performer, scoring decent points in every aspect analyzed.
CNRG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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85.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 93.92 to 94.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 89.50 to 91.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.50 to 87.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CNRG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNRG is up. |
| ChartMill Relative Strength | 91.4 | POSITIVE | CNRG has a high relative strength, it outperformed 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNRG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.67 | NEUTRAL | The RSI value for CNRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests CNRG has a positive trend. |
| Stochastics (14,3) | 93.88 | OVERBOUGHT | The high Stochastics value suggests CNRG may be overbought. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CNRG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for CNRG 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 |
|---|---|---|---|
| 97.26 | 93.91 | 3.35 (3.44%) | 25.00% |
| An entry @97.26. This is a Buy Stop order right above the 10 day high. | An exit @93.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.35 points, which is 3.44%. | For a 0.86% 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 CNRG. 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.
95.68
-0.58 (-0.6%)
SS SPDR S&P KENSHO CLP ETF / CNRG FAQ
What is the technical rating for CNRG stock?
ChartMill assigns a technical rating of 9 / 10 to CNRG.
What is the current trend direction of SS SPDR S&P KENSHO CLP ETF (CNRG) stock?
The current trend direction for SS SPDR S&P KENSHO CLP ETF (CNRG) is Bullish.
What is the RSI signal for SS SPDR S&P KENSHO CLP ETF (CNRG) stock?
SS SPDR S&P KENSHO CLP ETF (CNRG) has an RSI value of 52.6695. This indicates that the stock is currently neutral.
What is the MACD signal for SS SPDR S&P KENSHO CLP ETF (CNRG) stock?
The MACD indicator for SS SPDR S&P KENSHO CLP ETF (CNRG) has a value of 0.320528, indicating a bearish trend.
What is the support and resistance level for CNRG stock?
SS SPDR S&P KENSHO CLP ETF (CNRG) has a support level at 94.56. Check the full technical report for our detailed analysis of CNRG support and resistance levels.