Credit Suisse Group (CS) Stock Technical Analysis
NYSE:CS - New York Stock Exchange, Inc. - US2254011081 - ADR - Currency: USD
We assign a technical rating of 2 out of 10 to CS. 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. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
0.81
2 important support areas can be observed.
- 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.
0.8858
+0.01 (+0.99%)