CHESAPEAKE UTILITIES CORP (CPK) Stock Technical Analysis
NYSE:CPK • US1653031088
Overall CPK gets a technical rating of 5 out of 10. CPK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 66% of all other stocks performed better in the past year than CPK.
- CPK is one of the lesser performing stocks in the Gas Utilities industry. 84% of 14 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- CPK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CPK is lagging the market.
- In the last month CPK has a been trading in the 124.02 - 138.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CPK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 127.01, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
114.84
2 important support areas can be observed.
- A support zone ranging from 121.41 to 127.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.00 to 118.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @135.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 138.81 to 139.07. 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 CPK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CPK is up. |
| ChartMill Relative Strength | 34.73 | NEUTRAL | CPK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CPK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.43 | NEUTRAL | The RSI value for CPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests CPK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.68 | NEUTRAL | The Stochastics value for CPK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for CPK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.43 | POSITIVE | The high ADX value value for CPK suggests a strong trend. |
130.77
-3.94 (-2.92%)
CHESAPEAKE UTILITIES CORP / CPK FAQ
What is the technical rating for CPK stock?
ChartMill assigns a technical rating of 5 / 10 to CPK.
What is the trend direction for CPK stock?
The current trend direction for CHESAPEAKE UTILITIES CORP (CPK) is Bullish.
What is the RSI signal for CHESAPEAKE UTILITIES CORP (CPK) stock?
CHESAPEAKE UTILITIES CORP (CPK) has an RSI value of 53.4321. This indicates that the stock is currently neutral.
What is the buy/sell signal for CHESAPEAKE UTILITIES CORP (CPK) stock?
The buy/sell signal for CHESAPEAKE UTILITIES CORP (CPK) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CHESAPEAKE UTILITIES CORP?
CHESAPEAKE UTILITIES CORP (CPK) has a support level at 127.01 and a resistance level at 135.5. Check the full technical report for our detailed analysis of CPK support and resistance levels.