CHEETAH NET SUPPLY CHAIN SER (CTNT) Stock Technical Analysis
NASDAQ:CTNT - Nasdaq - US16307X2027 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CTNT. In the past year, CTNT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CTNT is a bad performer in the overall market: 96% of all stocks are doing better.
CTNT is part of the Distributors industry. There are 19 other stocks in this industry, of which 72% are performing better than CTNT.
CTNT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CTNT has a been trading in the 1.12 - 1.59 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
The technical rating of CTNT is bad and it also does not present a quality setup 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.
More info and screens
1.31
1.87
We found 1 important support area.
- A support zone ranging from 1.32 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.50 from a horizontal line in the daily time frame.
- Resistance @1.57 from a trend line in the daily time frame.
- Resistance @1.85 from a trend 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 | DOWN | NEGATIVE | The long term trend for CTNT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTNT is up. |
| ChartMill Relative Strength | 4.05 | NEGATIVE | CTNT has a low relative strength, it was outperformed by 95.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CTNT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.75 | NEUTRAL | The RSI value for CTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CTNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.11 | OVERBOUGHT | The high Stochastics value suggests CTNT may be overbought. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for CTNT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for CTNT 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)
1.41
-0.08 (-5.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-5.37%
1 Week5.22%
2 Weeks10.16%
1 Month7.63%
3 Month3.02%
6 Month-48.16%
12 Month-81.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.43%
ATR Inc49.85%
Range Today0.12
ADR(20)0.1
ADR(20)%7.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.05
Mansfield-4.91
10 Day High1.59
10 Day Low1.27
20 Day High1.59
20 Day Low1.12
52 Week High8.64
52 Week Low1.12
CS1 End1.34
CR1 Start1.5
Volume & EV
DER(3)2.27%
DER(5)-0.69%
Volume25.20K
Volume Incr-97.25%
Vol(5)43.26K
Vol(50)692.46K