CSP INC (CSPI) Stock Technical Analysis
NASDAQ:CSPI - Nasdaq - US1263891053 - Common Stock - Currency: USD
Overall CSPI gets a technical rating of 1 out of 10. 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: 92% of all stocks are doing better.
CSPI is one of the lesser performing stocks in the IT Services industry. 80% of 82 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.
In the last month CSPI has a been trading in the 10.39 - 13.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CSPI has a bad 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 support zone below the current price at 11.43, a Stop Loss order could be placed below this zone.
More info and screens
11.14
16.15
When analyzing the support we notice one important area.
- A support zone ranging from 11.25 to 11.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 12.85 to 12.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.15 from a trend line in the daily time frame.
- Resistance @14.46 from a trend line in the weekly time frame.
- Resistance @15.71 from a trend line in the daily time frame.
- Resistance @15.99 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 | DOWN | NEGATIVE | The short term trend for CSPI is down. |
| ChartMill Relative Strength | 8.03 | NEGATIVE | CSPI has a low relative strength, it was outperformed by 91.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CSPI is below the rising 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) | 41.93 | NEUTRAL | The RSI value for CSPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CSPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.66 | NEUTRAL | The Stochastics value for CSPI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.19 | HIGH VOLATILITY | The high ATR as a percentage value for CSPI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for CSPI suggests a possible start of a new 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)
11.56
-0.04 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.34%
1 Week-3.26%
2 Weeks-4.15%
1 Month2.39%
3 Month-25.18%
6 Month-28.86%
12 Month-21.2%
2 Year80.34%
3 Year193.4%
5 Year210.75%
10 Year238.51%
15 Year445.28%
Volatility
ATR(14)0.75
ATR(20)%6.19%
ATR Inc-77.19%
Range Today0.29
ADR(20)0.69
ADR(20)%5.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.03
Mansfield-2.81
10 Day High12.98
10 Day Low11.45
20 Day High13.24
20 Day Low10.39
52 Week High21.95
52 Week Low10.39
CS1 End11.43
CR1 Start12.85
Volume & EV
DER(3)-4.84%
DER(5)-1.07%
Volume15.27K
Volume Incr-78.74%
Vol(5)16.19K
Vol(50)43.52K