CYNERGISTEK INC/DE (CTEK) Technical Analysis
NYSEARCA:CTEK • US23258P1057
Current stock price
CTEK Technical Rating and Analysis
Overall CTEK gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CTEK is a bad performer.
- 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 56% of 100 stocks in the same industry.
- CTEK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTEK is lagging the market.
- In the last month CTEK has a been trading in a tight range between 1.19 and 1.25.
CTEK Weekly and Daily overview Charts
CTEK Setup Rating and Analysis
CTEK has only a medium technical rating, but it does show a decent setup pattern. 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. 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
CTEK Support and Resistance Analysis
1.16
When analyzing the support we can see 3 important 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.
CTEK Technical Indicator Signal Analysis
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. |
CTEK Chart- and CandleStick Pattern Analysis
CTEK Example Setup
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.
CTEK Technicals: Chart, Performance Metrics, Trend & Indicators
1.25
+0.02 (+1.63%)
CYNERGISTEK INC/DE / CTEK TA FAQ
What is the ChartMill technical rating of CYNERGISTEK INC/DE (CTEK) stock?
ChartMill assigns a technical rating of 6 / 10 to CTEK.
What is the current trend direction of CYNERGISTEK INC/DE (CTEK) stock?
The current trend direction for CYNERGISTEK INC/DE (CTEK) is Bullish.
What is the RSI signal for CYNERGISTEK INC/DE (CTEK) stock?
CYNERGISTEK INC/DE (CTEK) has an RSI value of 61.5841. This indicates that the stock is currently neutral.
What is the buy/sell signal for CYNERGISTEK INC/DE (CTEK) stock?
The buy/sell signal for CYNERGISTEK INC/DE (CTEK) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CTEK stock?
CYNERGISTEK INC/DE (CTEK) has a support level at 1.24 and a resistance level at 1.27. Check the full technical report for our detailed analysis of CTEK support and resistance levels.