Taking everything into account, CTEK scores 6 out of 10 in our technical rating. Although CTEK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, CTEK is a bad performer in the overall market: 70% of all stocks are doing better.
- 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 47% 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.
Although the technical rating is only medium, CTEK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
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.
When analyzing the resistance we notice one important 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. |
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 trade has a worst case loss of 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%)
CYNERGISTEK INC/DE / CTEK FAQ
What is the ChartMill technical rating of CYNERGISTEK INC/DE (CTEK) stock?
ChartMill assigns a technical rating of 6 / 10 to CTEK.
Can you provide the trend direction for CYNERGISTEK INC/DE?
The current trend direction for CYNERGISTEK INC/DE (CTEK) is Bullish.
What is the RSI signal for CTEK stock?
CYNERGISTEK INC/DE (CTEK) has an RSI value of 61.5841. This indicates that the stock is currently neutral.
What is the MACD signal for CTEK stock?
The MACD indicator for CYNERGISTEK INC/DE (CTEK) has a value of 0.000455045, indicating a bearish trend.
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.