CANTALOUPE INC (CTLP) Technical Analysis
NASDAQ:CTLP • US1381031061
Current stock price
CTLP Technical Rating and Analysis
Taking everything into account, CTLP scores 6 out of 10 in our technical rating. Although CTLP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CTLP is part of the Financial Services industry. There are 100 other stocks in this industry. CTLP outperforms 85% of them.
- CTLP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CTLP is performing more or less in line with the market.
- In the last month CTLP has a been trading in the 10.10 - 10.87 range, which is quite wide. It is currently trading near the high of this range.
- CTLP has an average volume of 1345750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CTLP did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CTLP Weekly and Daily overview Charts
CTLP Setup Rating and Analysis
CTLP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.73, 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
CTLP Support and Resistance Analysis
9.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.52 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.21 from a horizontal line in the weekly time frame.
- Support @9.54 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.76 to 10.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 11.07 to 11.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
CTLP 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 CTLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTLP is up. |
| ChartMill Relative Strength | 76.78 | POSITIVE | CTLP has a high relative strength, it outperformed 76.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CTLP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTLP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.23 | NEUTRAL | The RSI value for CTLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CTLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.26 | OVERBOUGHT | The high Stochastics value suggests CTLP may be overbought. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for CTLP suggests low volalility. |
| Average Directional Index/ADX (14) | 22.78 | NEUTRAL | The ADX value for CTLP suggests a possible start of a new trend. |
CTLP Chart- and CandleStick Pattern Analysis
CTLP 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 |
|---|---|---|---|
| 10.86 | 10.48 | 0.38 (3.50%) | 25.00% |
| An entry @10.86. This is a Buy Stop order right above the resistance zone. | An exit @10.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 3.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- 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.
CTLP Technicals: Chart, Performance Metrics, Trend & Indicators
10.75
-0.03 (-0.28%)
CANTALOUPE INC / CTLP TA FAQ
What is the ChartMill technical rating of CANTALOUPE INC (CTLP) stock?
ChartMill assigns a technical rating of 6 / 10 to CTLP.
What is the current trend direction of CANTALOUPE INC (CTLP) stock?
The current trend direction for CANTALOUPE INC (CTLP) is Bullish.
Can you provide the RSI signal for CANTALOUPE INC?
CANTALOUPE INC (CTLP) has an RSI value of 59.2267. This indicates that the stock is currently neutral.
What is the short term momentum for CANTALOUPE INC (CTLP) stock?
The short term momentum for CANTALOUPE INC (CTLP) is positive.
What is the buy/sell signal for CANTALOUPE INC (CTLP) stock?
The buy/sell signal for CANTALOUPE INC (CTLP) is buy as both the short term and long term trends are positive.