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Credit Suisse Group (CS) Stock Technical Analysis

NYSE:CS - New York Stock Exchange, Inc. - US2254011081 - ADR - Currency: USD

0.8858  +0.01 (+0.99%)

After market: 0.899 +0.01 (+1.49%)

Technical Rating and Analysis

2

Taking everything into account, CS scores 2 out of 10 in our technical rating. CS'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CS is a bad performer in the overall market: 99% of all stocks are doing better.
CS is part of the Capital Markets industry. There are 232 other stocks in this industry, of which 88% are performing better than CS.
CS 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 CS has a been trading in the 0.82 - 0.90 range, which is quite wide. It is currently trading near the high of this range.
CS has an average volume of 25258900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
Credit Suisse Group / CS Weekly stock chart
Credit Suisse Group / CS Daily stock chart
Setup Rating and Analysis

9

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.
Support and Resistance Analysis

0.81

0.91

We found 2 important support 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.
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 CS is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for CS is down.
ChartMill Relative Strength1.37NEGATIVECS has a low relative strength, it was outperformed by 98.63% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of CS is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CS is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of CS is below a declining SMA(200).
Relative Strength Index/RSI (14)47.17NEUTRALThe RSI value for CS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests CS has a positive trend, although the MACD value is declining.
Stochastics (14,3)72.97NEUTRALThe Stochastics value for CS is a neutral value.
Average True Range in percent/ATR (20)2.57MEDIUM VOLATILITYThe ATR as a percentage value for CS suggests some volalility.
Average Directional Index/ADX (14)33.65POSITIVEThe high ADX value value for CS suggests a strong 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)
Credit Suisse Group / CS Daily stock chart

Credit Suisse Group

NYSE:CS (6/9/2023, 8:04:01 PM)

After market: 0.899 +0.01 (+1.49%)

0.8858

+0.01 (+0.99%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.99%
1 Week-1.03%
2 Weeks3.22%
1 Month4.54%
3 Month-66.7%
6 Month-73.72%
12 Month-85.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%2.57%
ATR Inc-46.44%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.37
Mansfield-7.67
10 Day High0.9
10 Day Low0.82
20 Day High0.9
20 Day Low0.82
52 Week High6.1
52 Week Low0.82
CS1 End0.89
CR1 Start0.89
Volume & EV
DER(3)3.64%
DER(5)11.39%
Volume63.95M
Volume Incr219.41%
Vol(5)59.86M
Vol(50)25.26M