CPS TECHNOLOGIES CORP (CPSH) Stock Technical Analysis
NASDAQ:CPSH - Nasdaq - US12619F1049 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CPSH. CPSH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CPSH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CPSH in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
1.44
When analyzing the support we notice one important area.
- A support zone ranging from 1.45 to 1.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.72 to 1.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.87 from a trend line in the weekly time frame.
NASDAQ:CPSH (5/2/2025, 8:00:01 PM)
1.6
-0.08 (-4.76%)