COSAN SA -ADR (CSAN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CSAN • US22113B1035
Overall CSAN gets a technical rating of 3 out of 10. In the past year, CSAN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 77% of all other stocks performed better in the past year than CSAN.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CSAN has a been trading in the 3.71 - 4.75 range, which is quite wide. It is currently trading near the high of this range.
- CSAN has an average volume of 2158450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CSAN is an average performer in the Specialty Retail industry, it outperforms 44% of 121 stocks in the same industry.
- CSAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CSAN is lagging the market.
The technical rating of CSAN is bad and it also does not present a 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.
More info and screens
3.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.30 to 4.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.81 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @4.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.09 to 5.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.32 from a trend line in the weekly time frame.
- Resistance @5.64 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 | 23.45 | NEGATIVE | CSAN has a low relative strength, it was outperformed by 76.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CSAN is above a declining 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) | 61.38 | NEUTRAL | The RSI value for CSAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CSAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.05 | OVERBOUGHT | The high Stochastics value suggests CSAN may be overbought. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CSAN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.74 | POSITIVE | The high ADX value value for CSAN suggests a strong trend. |
4.53
-0.04 (-0.88%)
COSAN SA -ADR / CSAN FAQ
What is the ChartMill technical rating of COSAN SA -ADR (CSAN) stock?
ChartMill assigns a technical rating of 3 / 10 to CSAN.
What is the trend direction for CSAN stock?
The current trend direction for COSAN SA -ADR (CSAN) is Bearish.
What is the RSI signal for COSAN SA -ADR (CSAN) stock?
COSAN SA -ADR (CSAN) has an RSI value of 61.3837. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COSAN SA -ADR?
The MACD indicator for COSAN SA -ADR (CSAN) has a value of 0.0992072, indicating a bearish trend.
Can you provide the support and resistance levels for COSAN SA -ADR?
COSAN SA -ADR (CSAN) has a support level at 4.38 and a resistance level at 4.69. Check the full technical report for our detailed analysis of CSAN support and resistance levels.