CORPAY INC (CPAY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CPAY - US2199481068 - Common Stock
Overall CPAY gets a technical rating of 1 out of 10. CPAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CPAY has a poor technical rating and the quality of the setup is also only medium 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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257.74
2 important support areas can be observed.
- A support zone ranging from 275.21 to 285.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @260.34 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 288.83 to 292.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @309.93 from a trend line in the daily time frame.
- Resistance @333.08 from a trend line in the daily time frame.
- Resistance @339.10 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for CPAY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPAY is neutral. |
| ChartMill Relative Strength | 18.81 | NEGATIVE | CPAY has a low relative strength, it was outperformed by 81.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CPAY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CPAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for CPAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.66 | POSITIVE | The MACD value suggests CPAY has a positive trend. |
| Stochastics (14,3) | 65.73 | NEUTRAL | The Stochastics value for CPAY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CPAY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.46 | NEGATIVE | The low ADX value for CPAY suggests a weak or negative trend. |
288.82
+11.52 (+4.15%)
CORPAY INC / CPAY FAQ
What is the ChartMill technical rating of CORPAY INC (CPAY) stock?
ChartMill assigns a technical rating of 1 / 10 to CPAY.
Can you provide the trend direction for CORPAY INC?
The current trend direction for CORPAY INC (CPAY) is Bearish.
Can you provide the RSI signal for CORPAY INC?
CORPAY INC (CPAY) has an RSI value of 56.9262. This indicates that the stock is currently neutral.
What are the support and resistance levels for CORPAY INC (CPAY) stock?
CORPAY INC (CPAY) has a support level at 285.02 and a resistance level at 288.83. Check the full technical report for our detailed analysis of CPAY support and resistance levels.