CSP INC (CSPI) Stock Technical Analysis
NASDAQ:CSPI - Nasdaq - US1263891053 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CSPI. CSPI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CSPI is a bad performer in the overall market: 94% of all stocks are doing better.
CSPI is part of the IT Services industry. There are 82 other stocks in this industry, of which 79% are performing better than CSPI.
CSPI is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
CSPI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
The technical rating of CSPI 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
10.03
15.66
We found 1 important support area.
- A support zone ranging from 10.13 to 10.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 10.79 to 10.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.25 from a trend line in the daily time frame.
- Resistance @13.77 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.33 to 15.50. 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 | DOWN | NEGATIVE | The long term trend for CSPI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSPI is down. |
| ChartMill Relative Strength | 6.88 | NEGATIVE | CSPI has a low relative strength, it was outperformed by 93.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CSPI is below a declining 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) | 42.44 | NEUTRAL | The RSI value for CSPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CSPI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.43 | NEUTRAL | The Stochastics value for CSPI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for CSPI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.8 | 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)
10.78
+0.17 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.6%
1 Week5.07%
2 Weeks-6.83%
1 Month-9.79%
3 Month-34.39%
6 Month-45.14%
12 Month-26.67%
2 Year39.1%
3 Year177.84%
5 Year122.28%
10 Year278.25%
15 Year423.3%
Volatility
ATR(14)0.55
ATR(20)%5.06%
ATR Inc10.23%
Range Today0.89
ADR(20)0.55
ADR(20)%5.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.88
Mansfield-3.18
10 Day High11.82
10 Day Low9.99
20 Day High12.93
20 Day Low9.99
52 Week High21.95
52 Week Low9.99
CS1 End10.13
CR1 Start10.79
Volume & EV
DER(3)0.23%
DER(5)-0.54%
Volume11.90K
Volume Incr-23.12%
Vol(5)15.18K
Vol(50)42.83K