We assign a technical rating of 7 out of 10 to CTRN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, CTRN also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 41.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CTRN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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We found 4 important support areas.
- A support zone ranging from 40.14 to 41.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.79 from a trend line in the daily time frame.
- Support @37.17 from a trend line in the weekly time frame.
- Support @33.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.59 to 41.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CTRN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTRN is neutral. |
| ChartMill Relative Strength | 92.79 | POSITIVE | CTRN has a high relative strength, it outperformed 92.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTRN is below a declining 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) | 47.63 | NEUTRAL | The RSI value for CTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests CTRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.19 | NEUTRAL | The Stochastics value for CTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for CTRN suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 41.96 | 40.13 | 1.83 (4.36%) | 22.93% |
| An entry @41.96. This is a Buy Stop order right above the resistance zone. | An exit @40.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.83 points, which is 4.36%. | When investing 22.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CTRN. Please evaluate whether better entry and exit points can be found.
- 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.
41.53
-0.03 (-0.07%)
CITI TRENDS INC / CTRN FAQ
What is the technical rating for CTRN stock?
ChartMill assigns a technical rating of 7 / 10 to CTRN.
What is the trend direction for CTRN stock?
The current trend direction for CITI TRENDS INC (CTRN) is Bullish.
What is the RSI signal for CITI TRENDS INC (CTRN) stock?
CITI TRENDS INC (CTRN) has an RSI value of 47.6295. 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 neutral.