CYNERGISTEK INC/DE (CTEK) Stock Technical Analysis
NYSEARCA:CTEK - NYSE Arca - US23258P1057 - Common Stock - Currency: USD
Overall CTEK gets a technical rating of 6 out of 10. Although CTEK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
70% of all other stocks performed better in the past year than CTEK.
Both the short term and long term trends are positive. This is a very positive sign.
CTEK is an average performer in the Health Care Providers & Services industry, it outperforms 45% of 102 stocks in the same industry.
CTEK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTEK is lagging the market slightly.
In the last month CTEK has a been trading in a tight range between 1.19 and 1.25.
Although the technical rating is only medium, CTEK 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 1.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
1.16
1.29
We found 3 important support areas.
- A support zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.19 to 1.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.27 to 1.28. 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 | UP | POSITIVE | The long term trend for CTEK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTEK is up. |
| ChartMill Relative Strength | 30.23 | NEUTRAL | CTEK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTEK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTEK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTEK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.58 | NEUTRAL | The RSI value for CTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CTEK has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests CTEK may be overbought. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for CTEK suggests low volalility. |
| Average Directional Index/ADX (14) | 28.5 | POSITIVE | The high ADX value value for CTEK suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.29 | 1.22 | 0.07 (5.43%) | 18.43% |
| An entry @1.29. This is a Buy Stop order right above the resistance zone. | An exit @1.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 5.43%. | For a 1.00% total portfolio risk, you can invest 18.43% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.25
+0.02 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.63%
1 Week1.63%
2 Weeks2.46%
1 Month4.17%
3 Month5.04%
6 Month-10.07%
12 Month-36.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%1.59%
ATR Inc-16.92%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.23
Mansfield0.22
10 Day High1.25
10 Day Low1.21
20 Day High1.25
20 Day Low1.19
52 Week High2.04
52 Week Low0.58
CS1 End1.24
CR1 Start1.27
Volume & EV
DER(3)-0.43%
DER(5)0.32%
Volume167.60K
Volume Incr49.99%
Vol(5)107.20K
Vol(50)110.92K