CHESAPEAKE UTILITIES CORP (CPK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CPK - US1653031088 - Common Stock
Taking everything into account, CPK scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CPK is only an average performer.
Although CPK has an excellent technical rating, the quality of the presented setup is not ideal 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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114.84
3 important support areas can be observed.
- A support zone ranging from 129.83 to 130.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 124.07 to 125.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 116.00 to 120.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 134.13 to 139.07. 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 CPK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPK is neutral. |
| ChartMill Relative Strength | 62.98 | NEUTRAL | CPK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CPK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CPK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.72 | NEUTRAL | The RSI value for CPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CPK has a negative trend. |
| Stochastics (14,3) | 61.38 | NEUTRAL | The Stochastics value for CPK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CPK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.58 | NEGATIVE | The low ADX value for CPK suggests a weak or negative trend. |
133.39
-3.44 (-2.51%)
CHESAPEAKE UTILITIES CORP / CPK FAQ
What is the ChartMill technical rating of CHESAPEAKE UTILITIES CORP (CPK) stock?
ChartMill assigns a technical rating of 7 / 10 to CPK.
What is the current trend direction of CHESAPEAKE UTILITIES CORP (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 45.7241. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CHESAPEAKE UTILITIES CORP?
CHESAPEAKE UTILITIES CORP (CPK) has a support level at 130.27 and a resistance level at 134.13. Check the full technical report for our detailed analysis of CPK support and resistance levels.