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COMPUTER PROGRAMS & SYSTEMS (CPSI) Stock Technical Analysis

USA - NASDAQ:CPSI - US2053061030 - Common Stock

9.19 USD
+0.33 (+3.72%)
Last: 3/1/2024, 8:08:21 PM
9.19 USD
0 (0%)
After Hours: 3/1/2024, 8:08:21 PM
Technical Rating and Analysis

0

Taking everything into account, CPSI scores 0 out of 10 in our technical rating. CPSI'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.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CPSI is a bad performer in the overall market: 94% of all stocks are doing better.
CPSI is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 67% are performing better than CPSI.
CPSI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CPSI has a been trading in the 8.71 - 10.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
COMPUTER PROGRAMS & SYSTEMS / CPSI Weekly stock chart
COMPUTER PROGRAMS & SYSTEMS / CPSI Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is bad, CPSI does present a nice setup opportunity. Prices have been consolidating lately.

Support and Resistance Analysis

9.07

18.06

When analyzing the support we notice one important area.

  • Support @9.16 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 9.73 to 9.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 10.03 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 10.31 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @17.88 from a trend line in the weekly time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for CPSI is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for CPSI is neutral.
ChartMill Relative Strength6.22NEGATIVECPSI has a low relative strength, it was outperformed by 93.78% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CPSI is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of CPSI is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of CPSI is below a declining SMA(200).
Relative Strength Index/RSI (14)41.5NEUTRALThe RSI value for CPSI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.09NEGATIVEThe MACD value suggests CPSI has a negative trend, although the MACD value is rising.
Stochastics (14,3)13.81OVERSOLDThe low Stochastics value suggests CPSI may be oversold.
Average True Range in percent/ATR (20)5.93HIGH VOLATILITYThe high ATR as a percentage value for CPSI suggests high volalility.
Average Directional Index/ADX (14)13.51NEGATIVEThe low ADX value for CPSI suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
COMPUTER PROGRAMS & SYSTEMS / CPSI Daily stock chart

COMPUTER PROGRAMS & SYSTEMS

NASDAQ:CPSI (3/1/2024, 8:08:21 PM)

After market: 9.19 0 (0%)

9.19

+0.33 (+3.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg3.72%
1 Week0.22%
2 Weeks-11.04%
1 Month-10.25%
3 Month-15.38%
6 Month-43.45%
12 Month-69.87%
2 Year-73.32%
3 Year-69.97%
5 Year-69.05%
10 Year-85.77%
15 Year-72.38%
Volatility
ATR(14)0.6
ATR(20)%5.93%
ATR Inc35.62%
Range Today0.9
ADR(20)0.5
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.22
Mansfield-5.81
10 Day High10.43
10 Day Low8.71
20 Day High10.72
20 Day Low8.71
52 Week High30.96
52 Week Low8.71
CS1 End9.16
CR1 Start9.73
Volume & EV
DER(3)-5.94%
DER(5)-0.59%
Volume534.90K
Volume Incr45.46%
Vol(5)265.36K
Vol(50)176.38K