CARRIAGE SERVICES INC (CSV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CSV • US1439051079
Taking everything into account, CSV scores 5 out of 10 in our technical rating. In the last year, CSV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- CSV is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 83% of 75 stocks in the same industry.
- In the last month CSV has a been trading in the 41.50 - 45.00 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CSV outperforms 57% of them, which is more or less in line with the market.
- CSV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CSV is lagging the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CSV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 43.85, a Stop Loss order could be placed below this zone. 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
40.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.83 to 43.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.72 to 41.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @44.13 from a horizontal line in the daily time frame.
- Resistance @46.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 48.17 to 48.30. 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 | NEUTRAL | NEUTRAL | The long term trend for CSV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSV is up. |
| ChartMill Relative Strength | 57.67 | NEUTRAL | CSV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CSV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.66 | NEUTRAL | The RSI value for CSV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CSV has a positive trend. |
| Stochastics (14,3) | 83.06 | OVERBOUGHT | The high Stochastics value suggests CSV may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for CSV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.79 | NEGATIVE | The low ADX value for CSV suggests a weak or negative trend. |
44.09
-0.23 (-0.52%)
CARRIAGE SERVICES INC / CSV FAQ
What is the technical rating for CSV stock?
ChartMill assigns a technical rating of 5 / 10 to CSV.
What is the trend direction for CSV stock?
The current trend direction for CARRIAGE SERVICES INC (CSV) is Bearish.
Can you provide the RSI signal for CARRIAGE SERVICES INC?
CARRIAGE SERVICES INC (CSV) has an RSI value of 57.656. This indicates that the stock is currently neutral.
What is the MACD signal for CARRIAGE SERVICES INC (CSV) stock?
The MACD indicator for CARRIAGE SERVICES INC (CSV) has a value of 0.152002, indicating a bearish trend.
What are the support and resistance levels for CARRIAGE SERVICES INC (CSV) stock?
CARRIAGE SERVICES INC (CSV) has a support level at 43.85 and a resistance level at 44.13. Check the full technical report for our detailed analysis of CSV support and resistance levels.