COSAN SA -ADR (CSAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CSAN - US22113B1035 - ADR
We assign a technical rating of 6 out of 10 to CSAN. CSAN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CSAN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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4.17
4 important support areas can be observed.
- A support zone ranging from 4.77 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.48 to 4.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.30 from a horizontal line in the daily time frame.
- Support @4.21 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.96 to 5.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.45 to 5.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.76 from a trend line in the daily time frame.
- Resistance @6.05 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CSAN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSAN is up. |
| ChartMill Relative Strength | 19.94 | NEGATIVE | CSAN has a low relative strength, it was outperformed by 80.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CSAN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.33 | NEUTRAL | The RSI value for CSAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CSAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.87 | NEUTRAL | The Stochastics value for CSAN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for CSAN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.16 | NEGATIVE | The low ADX value for CSAN suggests a weak or negative trend. |
4.93
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COSAN SA -ADR / CSAN FAQ
What is the ChartMill technical rating of COSAN SA -ADR (CSAN) stock?
ChartMill assigns a technical rating of 6 / 10 to CSAN.
What is the current trend direction of COSAN SA -ADR (CSAN) stock?
The current trend direction for COSAN SA -ADR (CSAN) is Bearish.
Can you provide the RSI signal for COSAN SA -ADR?
COSAN SA -ADR (CSAN) has an RSI value of 51.3341. This indicates that the stock is currently neutral.
What is the MACD signal for CSAN stock?
The MACD indicator for COSAN SA -ADR (CSAN) has a value of 0.0137262, indicating a bearish trend.
What is the support and resistance level for CSAN stock?
COSAN SA -ADR (CSAN) has a support level at 4.78 and a resistance level at 4.96. Check the full technical report for our detailed analysis of CSAN support and resistance levels.