CANTALOUPE INC (CTLP) Stock Technical Analysis
NASDAQ:CTLP - Nasdaq - US1381031061 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CTLP. Both in the recent history as in the last year, CTLP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CTLP did better than 92% of all other stocks. On top of that, CTLP also shows a nice and consistent pattern of rising prices.
CTLP is part of the Financial Services industry. There are 100 other stocks in this industry. CTLP outperforms 94% of them.
CTLP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CTLP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CTLP has an average volume of 1715670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTLP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.01, a Stop Loss order could be placed below this zone.
More info and screens
7.94
11.27
We found 3 important support areas.
- A support zone ranging from 10.87 to 11.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.91 from a trend line in the daily time frame.
- Support @8.02 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.03 to 11.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 92.82 | POSITIVE | CTLP has a high relative strength, it outperformed 92.82% 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) | 72.64 | OVERBOUGHT | The high RSI value suggests CTLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CTLP has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for CTLP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for CTLP suggests low volalility. |
| Average Directional Index/ADX (14) | 52.17 | POSITIVE | The high ADX value value for CTLP suggests a strong 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 |
|---|---|---|---|
| 11.04 | 10.96 | 0.08 (0.69%) | 25.00% |
| An entry @11.04. This is a Buy Stop order right above the 10 day moving average. | An exit @10.96. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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.
11.02
-0.01 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.09%
1 Week-0.45%
2 Weeks0.27%
1 Month11.76%
3 Month42.19%
6 Month32.45%
12 Month67.73%
2 Year42.93%
3 Year81.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.34%
ATR Inc-14.78%
Range Today0.04
ADR(20)0.08
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.82
Mansfield2.01
10 Day High11.1
10 Day Low10.97
20 Day High11.1
20 Day Low9.29
52 Week High11.36
52 Week Low5.82
CS1 End11.01
CR1 Start11.03
Volume & EV
DER(3)-4.01%
DER(5)-2.72%
Volume1.36M
Volume Incr-69.92%
Vol(5)936.74K
Vol(50)1.72M