QWEST CORPORATION (CTX) Stock Technical Analysis
NYSE:CTX - New York Stock Exchange, Inc. - US74913G4029
We assign a technical rating of 6 out of 10 to CTX. CTX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CTX 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 CTX is lagging the market slightly.
In the last month CTX has a been trading in the 23.02 - 25.28 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CTX turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CTX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.32
26.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.04 to 23.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @22.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @25.33 from a trend line in the weekly time frame.
- A resistance zone ranging from 25.82 to 25.90. 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 CTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTX is up. |
| ChartMill Relative Strength | 58.59 | NEUTRAL | CTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 84.19 | OVERBOUGHT | The high RSI value suggests CTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CTX has a positive trend. |
| Stochastics (14,3) | 78.96 | NEUTRAL | The Stochastics value for CTX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for CTX suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.26
+1.93 (+8.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.27%
1 Week7.95%
2 Weeks9.11%
1 Month7.31%
3 Month8.37%
6 Month8.37%
12 Month-0.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%0.9%
ATR Inc636.27%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.59
Mansfield-0.05
10 Day High25.28
10 Day Low23.02
20 Day High25.28
20 Day Low23.02
52 Week High25.8
52 Week Low21.27
CS1 End23.6
CR1 Start25.33
Volume & EV
DER(3)1.39%
DER(5)2.34%
Volume208.70K
Volume Incr48.3%
Vol(5)63.36K
Vol(50)61.32K