CANTALOUPE INC (CTLP) Stock Technical Analysis
NASDAQ:CTLP - Nasdaq - US1381031061 - Common Stock - Currency: USD
Overall CTLP gets a technical rating of 6 out of 10. In the past year, CTLP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CTLP has a been trading in the 7.57 - 8.80 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CTLP turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
CTLP is an average performer in the Financial Services industry, it outperforms 69% of 100 stocks in the same industry.
CTLP 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 CTLP is lagging the market slightly.
Although the technical rating is only medium, CTLP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
7.16
8.89
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.17 to 8.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.74 to 7.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.46 to 7.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.50 from a horizontal line in the weekly time frame.
- Resistance @8.80 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CTLP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTLP is up. |
| ChartMill Relative Strength | 68.07 | NEUTRAL | CTLP is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CTLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.31 | NEUTRAL | The RSI value for CTLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CTLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.09 | OVERBOUGHT | The high Stochastics value suggests CTLP may be overbought. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CTLP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for CTLP suggests a weak or negative 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 |
|---|---|---|---|
| 8.51 | 8.16 | 0.35 (4.11%) | 24.31% |
| An entry @8.51. This is a Buy Stop order right above the resistance zone. | An exit @8.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 4.11%. | When investing 24.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CTLP. Please evaluate whether better entry and exit points can be found.
- 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.
8.47
-0.32 (-3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-3.64%
1 Week-0.24%
2 Weeks10%
1 Month7.49%
3 Month-19.72%
6 Month-8.63%
12 Month26.04%
2 Year37.72%
3 Year61.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%4.52%
ATR Inc9.79%
Range Today0.37
ADR(20)0.38
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.07
Mansfield0.34
10 Day High8.8
10 Day Low7.64
20 Day High8.8
20 Day Low7.57
52 Week High11.36
52 Week Low5.82
CS1 End8.29
CR1 Start8.5
Volume & EV
DER(3)0.77%
DER(5)-0.29%
Volume632.20K
Volume Incr-14.97%
Vol(5)466.22K
Vol(50)492.08K