UNITED STATES COPPER INDEX (CPER) Stock Technical Analysis
NYSEARCA:CPER • US9117181043
Taking everything into account, CPER scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CPER has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month CPER has a been trading in the 34.64 - 40.44 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, CPER did better than 77% of all other stocks.
- CPER has an average volume of 1477860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CPER is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CPER is lagging the market.
- Considerably lower volume is observed in the last couple of days.
CPER 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 a resistance zone just above the current price starting at 36.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CPER in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
27.24
We found 4 important support areas.
- A support zone ranging from 34.93 to 35.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.73 from a trend line in the daily time frame.
- Support @29.52 from a trend line in the weekly time frame.
- Support @27.52 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.29 to 36.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 CPER is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPER is neutral. |
| ChartMill Relative Strength | 77.76 | POSITIVE | CPER has a high relative strength, it outperformed 77.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CPER is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPER is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPER is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.55 | NEUTRAL | The RSI value for CPER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CPER has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.53 | NEUTRAL | The Stochastics value for CPER is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CPER suggests some volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for CPER 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 |
|---|---|---|---|
| 36.54 | 34.92 | 1.62 (4.43%) | 22.56% |
| An entry @36.54. This is a Buy Stop order right above the resistance zone. | An exit @34.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.62 points, which is 4.43%. | For a 1.00% total portfolio risk, you can invest 22.56% 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.
36.17
+0.63 (+1.77%)
UNITED STATES COPPER INDEX / CPER FAQ
What is the technical rating for CPER stock?
ChartMill assigns a technical rating of 8 / 10 to CPER.
What is the current trend direction of UNITED STATES COPPER INDEX (CPER) stock?
The current trend direction for UNITED STATES COPPER INDEX (CPER) is Bullish.
What is the RSI signal for CPER stock?
UNITED STATES COPPER INDEX (CPER) has an RSI value of 51.5495. This indicates that the stock is currently neutral.
What is the MACD signal for UNITED STATES COPPER INDEX (CPER) stock?
The MACD indicator for UNITED STATES COPPER INDEX (CPER) has a value of -0.153428, indicating a bearish trend.
What is the short term momentum for CPER stock?
The short term momentum for UNITED STATES COPPER INDEX (CPER) is neutral.