CHESAPEAKE UTILITIES CORP (CPK) Stock Technical Analysis
NYSE:CPK • US1653031088
We assign a technical rating of 6 out of 10 to CPK. In the last year, CPK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- CPK is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 76% are performing better than CPK.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- CPK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CPK is lagging the market slightly.
- In the last month CPK has a been trading in the 122.97 - 135.62 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, CPK turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
CPK has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
114.83
3 important support areas can be observed.
- Support @135.50 from a horizontal line in the weekly time frame.
- A support zone ranging from 121.41 to 130.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 115.99 to 118.70. 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 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 | NEUTRAL | NEUTRAL | The long term trend for CPK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CPK is up. |
| ChartMill Relative Strength | 57.21 | 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) | UP | POSITIVE | The current price of CPK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.45 | NEUTRAL | The RSI value for CPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests CPK has a positive trend. |
| Stochastics (14,3) | 85.02 | OVERBOUGHT | The high Stochastics value suggests CPK may be overbought. |
| 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) | 24.53 | NEUTRAL | The ADX value for CPK suggests a possible start of a new trend. |
135.6
+1.18 (+0.88%)
CHESAPEAKE UTILITIES CORP / CPK FAQ
What is the technical rating for CPK stock?
ChartMill assigns a technical rating of 6 / 10 to CPK.
What is the trend direction for 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 68.4455. This indicates that the stock is currently neutral.
What are the support and resistance levels for CHESAPEAKE UTILITIES CORP (CPK) stock?
CHESAPEAKE UTILITIES CORP (CPK) has a support level at 135.5 and a resistance level at 138.81. Check the full technical report for our detailed analysis of CPK support and resistance levels.