CRESUD S.A.-SPONS ADR (CRESY) Stock Technical Analysis
USA - NASDAQ:CRESY - US2264061068 - ADR
Overall CRESY gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRESY is only an average performer.
Besides having an excellent technical rating, CRESY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.40, a Stop Loss order could be placed below this zone.
More info and screens
8.61
We found 4 important support areas.
- A support zone ranging from 11.22 to 11.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.68 from a trend line in the daily time frame.
- Support @9.16 from a horizontal line in the daily time frame.
- Support @8.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.38 to 12.39. 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 | UP | POSITIVE | The long term trend for CRESY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRESY is up. |
| ChartMill Relative Strength | 66.92 | NEUTRAL | CRESY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRESY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRESY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRESY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.13 | NEUTRAL | The RSI value for CRESY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CRESY has a negative trend. |
| Stochastics (14,3) | 39.02 | NEUTRAL | The Stochastics value for CRESY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for CRESY suggests high volalility. |
| Average Directional Index/ADX (14) | 35.03 | POSITIVE | The high ADX value value for CRESY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.40 | 11.21 | 1.19 (9.60%) | 10.42% |
| An entry @12.40. This is a Buy Stop order right above the resistance zone. | An exit @11.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.19 points, which is 9.60%. | For a 1.00% total portfolio risk, you can invest 10.42% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.63
+0.13 (+1.13%)
CRESUD S.A.-SPONS ADR / CRESY FAQ
What is the technical rating for CRESY stock?
ChartMill assigns a technical rating of 8 / 10 to CRESY.
What is the trend direction for CRESY stock?
The current trend direction for CRESUD S.A.-SPONS ADR (CRESY) is Bullish.
What is the RSI signal for CRESUD S.A.-SPONS ADR (CRESY) stock?
CRESUD S.A.-SPONS ADR (CRESY) has an RSI value of 58.1321. This indicates that the stock is currently neutral.
What is the MACD signal for CRESUD S.A.-SPONS ADR (CRESY) stock?
The MACD indicator for CRESUD S.A.-SPONS ADR (CRESY) has a value of -0.0476937, indicating a bearish trend.
What is the short term momentum for CRESUD S.A.-SPONS ADR (CRESY) stock?
The short term momentum for CRESUD S.A.-SPONS ADR (CRESY) is positive.