TSX:CTS - Toronto Stock Exchange - CA21250C1068 - Common Stock - Currency: CAD
Overall CTS gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CTS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CTS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.00. Right above this resistance zone may be a good entry point.
3.15
2 important support areas can be observed.
We found 1 important resistance area.
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 CTS.CA is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTS.CA is up. |
ChartMill Relative Strength | 90.1 | POSITIVE | CTS.CA has a high relative strength, it outperformed 90.1% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTS.CA is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTS.CA is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTS.CA is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 82.03 | OVERBOUGHT | The high RSI value suggests CTS.CA may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTS.CA has a negative trend. |
Stochastics (14,3) | 82.74 | OVERBOUGHT | The high Stochastics value suggests CTS.CA may be overbought. |
Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for CTS.CA suggests low volalility. |
Average Directional Index/ADX (14) | 38.19 | POSITIVE | The high ADX value value for CTS.CA suggests a strong 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 |
---|---|---|---|
6.07 | 5.85 | 0.22 (3.71%) | 25.00% |
An entry @6.07. This is a Buy Stop order right above the resistance zone. | An exit @5.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.22 points, which is 3.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
Converge Technology Solutions Corp
TSX:CTS (4/23/2025, 7:00:00 PM)
5.99
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