Casper Sleep Inc (CSPR) Stock Technical Analysis
USA - NYSE:CSPR - Common Stock
Taking everything into account, CSPR scores 8 out of 10 in our technical rating. In the last year, CSPR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although CSPR has an excellent technical rating, it does not present a decent entry opportunity 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.
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3.56
When analyzing the support we can see 2 important areas.
- Support @5.38 from a trend line in the daily time frame.
- Support @3.60 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.79 to 6.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.92 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 CSPR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSPR is up. |
| ChartMill Relative Strength | 96.32 | POSITIVE | CSPR has a high relative strength, it outperformed 96.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSPR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSPR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CSPR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.27 | NEUTRAL | The RSI value for CSPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CSPR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.21 | OVERBOUGHT | The high Stochastics value suggests CSPR may be overbought. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CSPR suggests some volalility. |
6.78
+0.48 (+7.62%)
Casper Sleep Inc / CSPR FAQ
What is the technical rating for CSPR stock?
ChartMill assigns a technical rating of 7 / 10 to CSPR.
What is the trend direction for CSPR stock?
The current trend direction for Casper Sleep Inc (CSPR) is Bearish.
What is the RSI signal for CSPR stock?
Casper Sleep Inc (CSPR) has an RSI value of 59.2698. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Casper Sleep Inc?
The short term momentum for Casper Sleep Inc (CSPR) is positive.
What is the support and resistance level for CSPR stock?
Casper Sleep Inc (CSPR) has a support level at 5.38 and a resistance level at 6.79. Check the full technical report for our detailed analysis of CSPR support and resistance levels.