CITI TRENDS INC (CTRN) Technical Analysis
NASDAQ:CTRN • US17306X1028
Current stock price
CTRN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CTRN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTRN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CTRN did better than 93% of all other stocks. We also observe that the gains produced by CTRN over the past year are nicely spread over this period.
- CTRN is part of the Specialty Retail industry. There are 122 other stocks in this industry. CTRN outperforms 94% of them.
- CTRN 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 CTRN is lagging the market slightly.
- In the last month CTRN has a been trading in the 41.42 - 53.17 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CTRN Weekly and Daily overview Charts
CTRN Setup Rating and Analysis
Although CTRN has an excellent technical rating, it does not offer a high 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
CTRN Support and Resistance Analysis
28.32
4 important support areas can be observed.
- A support zone ranging from 44.07 to 45.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.18 from a trend line in the daily time frame.
- Support @41.75 from a horizontal line in the daily time frame.
- Support @28.61 from a trend line in the weekly time frame.
CTRN Technical Indicator Signal Analysis
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 CTRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRN is up. |
| ChartMill Relative Strength | 93.96 | POSITIVE | CTRN has a high relative strength, it outperformed 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.92 | NEUTRAL | The RSI value for CTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests CTRN has a positive trend. |
| Stochastics (14,3) | 86.05 | OVERBOUGHT | The high Stochastics value suggests CTRN may be overbought. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for CTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for CTRN suggests a weak or negative trend. |
CTRN Chart- and CandleStick Pattern Analysis
CTRN Technicals: Chart, Performance Metrics, Trend & Indicators
51.69
+1.72 (+3.44%)
CITI TRENDS INC / CTRN TA FAQ
What is the technical rating for CTRN stock?
ChartMill assigns a technical rating of 10 / 10 to CTRN.
Can you provide the trend direction for CITI TRENDS INC?
The current trend direction for CITI TRENDS INC (CTRN) is Bullish.
Can you provide the RSI signal for CITI TRENDS INC?
CITI TRENDS INC (CTRN) has an RSI value of 64.9231. This indicates that the stock is currently neutral.
What is the short term momentum for CITI TRENDS INC (CTRN) stock?
The short term momentum for CITI TRENDS INC (CTRN) is positive.
Can you provide the support and resistance levels for CITI TRENDS INC?
CITI TRENDS INC (CTRN) has a support level at 45.1. Check the full technical report for our detailed analysis of CTRN support and resistance levels.