CTT-CORREIOS DE PORTUGAL (CTT.LS)       3.44  +0.04 (+1.18%)

3.44  +0.04 (+1.18%)

PTCTT0AM0001 - Common Stock

Technical Rating

2

We assign a technical rating of 2 out of 10 to CTT. CTT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.



The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CTT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month CTT has a been trading in the 3.28 - 3.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
69% of all other stocks performed better in the past year than CTT.
CTT is one of the lesser performing stocks in the Air Freight & Logistics industry. 67% of 6 stocks in the same industry do better.

Statistics

1 Month 3 Months 6 Months 12 Months -8.48% 11.11% 29.77% -24.44% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 31.21 2.53 - 4.695
CTT Weekly chart
CTT Daily chart

Support/Resistance Analysis


2.97

3.84
3 important support areas can be observed.
  • A support zone ranging from 3.37 to 3.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @3.19 from a horizontal line in the daily time frame.
  • Support @3.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 3.59 to 3.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.76 to 3.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

CTT has a poor technical rating and the quality of the setup is also not perfect 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.


CTT Daily chart

CTT-CORREIOS DE PORTUGAL3.44

ELI:CTT (3/21/2023, 12:37:51 PM)+0.04 (+1.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Air Freight & Logistics

Performance
Today 1.18% 1 Week -7.1%
2 Weeks -10.29% 1 Month -8.48%
3 Month 11.11% 6 Month 29.77%

Volatility
ATR(14) 0.11 ATR(20)% 2.83%
ATR Inc 169.01% Range Today 0.04

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 31.21 Mansfield 0.09
10 Day High 3.79 10 Day Low 3.28
20 Day High 3.8 20 Day Low 3.28
52 Week High 4.7 52 Week Low 2.53
CS1 End 3.37 CR1 Start 3.41

Volume & EV
DER(3) -2.11% DER(5) -2.84%
Volume 36.68K Volume Incr 42.1%
Vol(5) 416.62K Vol(50) 429.91K

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