CSW INDUSTRIALS INC (CSWI) Stock Technical Analysis
NASDAQ:CSWI - Nasdaq - US1264021064 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CSWI. CSWI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CSWI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 305.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 304.72, a Stop Loss order could be placed below this zone.
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261.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 300.90 to 304.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @275.46 from a trend line in the weekly time frame.
- Support @263.78 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 305.61 to 323.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 331.24 to 336.44. 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 CSWI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CSWI is neutral. |
| ChartMill Relative Strength | 75.65 | POSITIVE | CSWI has a high relative strength, it outperformed 75.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSWI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSWI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CSWI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.36 | NEUTRAL | The RSI value for CSWI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.78 | NEGATIVE | The MACD value suggests CSWI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.91 | NEUTRAL | The Stochastics value for CSWI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CSWI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for CSWI suggests a weak or negative trend. |
305.1
+0.43 (+0.14%)