CSP INC (CSPI) Stock Technical Analysis
NASDAQ:CSPI - US1263891053 - Common Stock
12.06 USD
-0.33 (-2.66%)
12.06 USD
0 (0%)
Taking everything into account, CSPI scores 4 out of 10 in our technical rating. In the past year, CSPI 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.
89% of all other stocks performed better in the past year than CSPI.
CSPI is one of the lesser performing stocks in the IT Services industry. 64% of 85 stocks in the same industry do better.
CSPI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CSPI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CSPI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.11. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.12
15.15
We found 1 important support area.
- Support @10.22 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.11 to 12.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.75 to 13.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.00 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CSPI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSPI is up. |
| ChartMill Relative Strength | 11.76 | NEGATIVE | CSPI has a low relative strength, it was outperformed by 88.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSPI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSPI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.3 | NEUTRAL | The RSI value for CSPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CSPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.05 | OVERBOUGHT | The high Stochastics value suggests CSPI may be overbought. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for CSPI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for CSPI suggests a weak or negative trend. |
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)
12.06
-0.33 (-2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.66%
1 Week-5.34%
2 Weeks-0.58%
1 Month18.93%
3 Month-20.76%
6 Month-27.13%
12 Month-13.24%
2 Year55.61%
3 Year210.83%
5 Year148.67%
10 Year323.16%
15 Year485.44%
Volatility
ATR(14)0.83
ATR(20)%6.27%
ATR Inc-21.18%
Range Today0.67
ADR(20)0.75
ADR(20)%6.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.76
Mansfield-2.42
10 Day High12.89
10 Day Low11.14
20 Day High12.89
20 Day Low9.65
52 Week High21.95
52 Week Low9.65
CS1 End10.22
CR1 Start12.11
Volume & EV
DER(3)-9.45%
DER(5)-12.58%
Volume10.30K
Volume Incr-34.44%
Vol(5)13.58K
Vol(50)39.45K