Cornerstone Ondemand (CSOD) Stock Technical Analysis
NASDAQ:CSOD - Nasdaq -
We assign a technical rating of 10 out of 10 to CSOD. Both in the recent history as in the last year, CSOD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CSOD did better than 78% of all other stocks. On top of that, CSOD also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by CSOD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
CSOD has an average volume of 1518150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CSOD is an average performer in the Software industry, it outperforms 61% of 282 stocks in the same industry.
In the last month CSOD has a been trading in a tight range between 57.08 and 57.51.
CSOD has an excellent technical rating, but the quality of the setup is only medium 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
41.61
58.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 56.61 to 57.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.16 to 53.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.80 from a trend line in the weekly time frame.
- Support @43.09 from a trend line in the daily time frame.
- Support @42.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.50 to 57.50. 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 | UP | POSITIVE | The long term trend for CSOD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSOD is up. |
| ChartMill Relative Strength | 78.69 | POSITIVE | CSOD has a high relative strength, it outperformed 78.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSOD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSOD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSOD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.39 | OVERBOUGHT | The high RSI value suggests CSOD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CSOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.66 | OVERBOUGHT | The high Stochastics value suggests CSOD may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for CSOD suggests low volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.51 | 57.24 | 0.27 (0.47%) | 25.00% |
| An entry @57.51. This is a Buy Stop order right above the resistance zone. | An exit @57.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.27 points, which is 0.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
57.49
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.02%
1 Week0.21%
2 Weeks0.4%
1 Month0.47%
3 Month15.58%
6 Month25.5%
12 Month51.41%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.15%
ATR Inc-39.42%
Range Today0.03
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
CRS78.69
Mansfield0.94
10 Day High57.51
10 Day Low57.25
20 Day High57.51
20 Day Low57.08
52 Week High57.51
52 Week Low36.71
CS1 End57.39
CR1 Start57.5
Volume & EV
DER(3)2.78%
DER(5)2.55%
Volume3.74M
Volume Incr62.11%
Vol(5)1.88M
Vol(50)1.52M