We assign a technical rating of 7 out of 10 to CTLP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTLP is only an average performer.
- 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 98 other stocks in this industry. CTLP outperforms 83% of them.
- CTLP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTLP is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that CTLP is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month CTLP has a been trading in a tight range between 10.52 and 10.90.
- Volume is considerably higher in the last couple of days.
Although CTLP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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8.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.51 to 10.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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.
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 | 78.61 | POSITIVE | CTLP has a high relative strength, it outperformed 78.61% 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) | 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) | 70.3 | OVERBOUGHT | The high RSI value suggests CTLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CTLP has a positive trend. |
| Stochastics (14,3) | 97.04 | OVERBOUGHT | The high Stochastics value suggests CTLP may be overbought. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for CTLP suggests low volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for CTLP suggests a possible start of a new trend. |
10.89
+0.04 (+0.37%)
CANTALOUPE INC / CTLP FAQ
What is the ChartMill technical rating of CANTALOUPE INC (CTLP) stock?
ChartMill assigns a technical rating of 7 / 10 to CTLP.
Can you provide the trend direction for CANTALOUPE INC?
The current trend direction for CANTALOUPE INC (CTLP) is Bullish.
What is the RSI signal for CANTALOUPE INC (CTLP) stock?
CANTALOUPE INC (CTLP) has an RSI value of 70.2979. This indicates that the stock is currently overbought.
What is the MACD signal for CTLP stock?
The MACD indicator for CANTALOUPE INC (CTLP) has a value of 0.0241493, indicating a bearish trend.
Can you provide the buy/sell signal for CANTALOUPE INC?
The buy/sell signal for CANTALOUPE INC (CTLP) is buy as both the short term and long term trends are positive.