CHEETAH NET SUPPLY CHAIN SER (CTNT) Stock Technical Analysis
NASDAQ:CTNT - Nasdaq - US16307X2027 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CTNT. CTNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
97% of all other stocks performed better in the past year than CTNT.
CTNT is part of the Distributors industry. There are 18 other stocks in this industry, of which 76% are performing better than CTNT.
CTNT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CTNT is lagging the market.
Warning: CTNT has an average volume of 25942 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month CTNT has a been trading in the 1.26 - 1.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CTNT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CTNT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.29
1.63
We found 2 important support areas.
- Support @1.34 from a trend line in the daily time frame.
- A support zone ranging from 1.30 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.45 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.61 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 | DOWN | NEGATIVE | The short term trend for CTNT is down. |
| ChartMill Relative Strength | 3.14 | NEGATIVE | CTNT has a low relative strength, it was outperformed by 96.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTNT is below 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) | 41.85 | NEUTRAL | The RSI value for CTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CTNT has a negative trend. |
| Stochastics (14,3) | 24.41 | NEUTRAL | The Stochastics value for CTNT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.4 | HIGH VOLATILITY | The high ATR as a percentage value for CTNT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for CTNT suggests a possible start of a new 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)
1.35
-0.1 (-6.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-6.9%
1 Week-8.78%
2 Weeks-14.01%
1 Month-11.76%
3 Month-28.57%
6 Month-30.41%
12 Month-89.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%8.4%
ATR Inc-28.56%
Range Today0.1
ADR(20)0.11
ADR(20)%8.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.14
Mansfield-6.07
10 Day High1.7
10 Day Low1.35
20 Day High1.7
20 Day Low1.26
52 Week High12.96
52 Week Low1.2
CS1 End1.34
CR1 Start1.45
Volume & EV
DER(3)0.13%
DER(5)6.7%
Volume28.00K
Volume Incr-53.33%
Vol(5)16.48K
Vol(50)25.94K