CHESAPEAKE UTILITIES CORP (CPK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CPK - US1653031088 - Common Stock
Taking everything into account, CPK scores 0 out of 10 in our technical rating. CPK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CPK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 125.83, a Stop Loss order could be placed below this zone.
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114.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 123.16 to 125.83. 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 can see 3 important resistance areas.
- A resistance zone ranging from 129.16 to 131.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 135.50 to 135.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for CPK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CPK is down. |
| ChartMill Relative Strength | 36.55 | NEUTRAL | CPK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CPK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CPK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CPK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.58 | NEUTRAL | The RSI value for CPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests CPK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.45 | NEUTRAL | The Stochastics value for CPK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CPK suggests some volalility. |
| Average Directional Index/ADX (14) | 34.18 | POSITIVE | The high ADX value value for CPK suggests a strong trend. |
126.27
+1.09 (+0.87%)
CHESAPEAKE UTILITIES CORP / CPK FAQ
What is the ChartMill technical rating of CHESAPEAKE UTILITIES CORP (CPK) stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for CHESAPEAKE UTILITIES CORP (CPK) stock?
CHESAPEAKE UTILITIES CORP (CPK) has an RSI value of 40.5826. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CHESAPEAKE UTILITIES CORP?
The buy/sell signal for CHESAPEAKE UTILITIES CORP (CPK) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CHESAPEAKE UTILITIES CORP (CPK) stock?
CHESAPEAKE UTILITIES CORP (CPK) has a support level at 125.83 and a resistance level at 129.16. Check the full technical report for our detailed analysis of CPK support and resistance levels.