CAESARSTONE LTD (CSTE) Stock Technical Analysis
NASDAQ:CSTE - Nasdaq - IL0011259137 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CSTE. CSTE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CSTE is a bad performer in the overall market: 98% of all stocks are doing better.
CSTE is part of the Building Products industry. There are 41 other stocks in this industry, of which 87% are performing better than CSTE.
CSTE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CSTE has a been trading in the 1.63 - 2.09 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.
Although the technical rating is bad, CSTE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.96. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CSTE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.65
3.06
We found 1 important support area.
- Support @1.67 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.96 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.03 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 CSTE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CSTE is neutral. |
| ChartMill Relative Strength | 2.11 | NEGATIVE | CSTE has a low relative strength, it was outperformed by 97.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CSTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.34 | NEUTRAL | The RSI value for CSTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CSTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.07 | NEUTRAL | The Stochastics value for CSTE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.87 | HIGH VOLATILITY | The high ATR as a percentage value for CSTE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.38 | NEGATIVE | The low ADX value for CSTE 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)
1.79
-0.15 (-7.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-7.73%
1 Week7.19%
2 Weeks-1.65%
1 Month-14.35%
3 Month-36.75%
6 Month-55.47%
12 Month-70.75%
2 Year-68.04%
3 Year-80.07%
5 Year-84.39%
10 Year-97.5%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.87%
ATR Inc60.03%
Range Today0.17
ADR(20)0.12
ADR(20)%6.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.11
Mansfield-5.43
10 Day High2
10 Day Low1.63
20 Day High2.09
20 Day Low1.63
52 Week High6.54
52 Week Low1.62
CS1 End1.67
CR1 Start1.96
Volume & EV
DER(3)5.68%
DER(5)-1.42%
Volume50.80K
Volume Incr-75.08%
Vol(5)48.76K
Vol(50)164.31K