Credit Suisse Group (CS) Stock Technical Analysis
NYSE:CS - New York Stock Exchange, Inc. - US2254011081 - ADR - Currency: USD
Overall CS gets a technical rating of 2 out of 10. CS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 0.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.87 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.82 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.89 to 0.90. 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 CS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CS is down. |
| ChartMill Relative Strength | 1.37 | NEGATIVE | CS has a low relative strength, it was outperformed by 98.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for CS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.97 | NEUTRAL | The Stochastics value for CS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for CS suggests some volalility. |
| Average Directional Index/ADX (14) | 33.65 | POSITIVE | The high ADX value value for CS suggests a strong trend. |
0.8858
+0.01 (+0.99%)