CTS CORP (CTS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTS - US1265011056 - Common Stock
We assign a technical rating of 3 out of 10 to CTS. In the past year, CTS 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.
CTS 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. There is a resistance zone just above the current price starting at 42.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
35.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.18 to 41.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.04 to 36.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @42.59 from a horizontal line in the daily time frame.
- Strong resistance @43.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 44.63 to 44.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for CTS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTS is up. |
| ChartMill Relative Strength | 22.44 | NEGATIVE | CTS has a low relative strength, it was outperformed by 77.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CTS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.41 | NEUTRAL | The RSI value for CTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.38 | NEUTRAL | The Stochastics value for CTS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CTS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.84 | NEGATIVE | The low ADX value for CTS suggests a weak or negative trend. |
42.33
-0.25 (-0.59%)
CTS CORP / CTS FAQ
What is the ChartMill technical rating of CTS CORP (CTS) stock?
ChartMill assigns a technical rating of 3 / 10 to CTS.
What is the current trend direction of CTS CORP (CTS) stock?
The current trend direction for CTS CORP (CTS) is Bearish.
Can you provide the RSI signal for CTS CORP?
CTS CORP (CTS) has an RSI value of 54.4121. This indicates that the stock is currently neutral.
What is the MACD signal for CTS CORP (CTS) stock?
The MACD indicator for CTS CORP (CTS) has a value of 0.0463463, indicating a bearish trend.