Citrix Systems Inc (CTXS) Stock Technical Analysis
NASDAQ:CTXS - Nasdaq - US1773761002 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CTXS. Both in the recent history as in the last year, CTXS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CTXS is one of the better performing stocks in the Software industry, it outperforms 73% of 283 stocks in the same industry.
CTXS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CTXS is performing more or less in line with the market.
CTXS has an average volume of 1179110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CTXS is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month CTXS has a been trading in a tight range between 102.60 and 103.96.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CTXS 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 103.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.76, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
93.99
107.40
We found 3 important support areas.
- A support zone ranging from 101.00 to 103.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @99.37 from a horizontal line in the daily time frame.
- Support @94.94 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 103.91 to 103.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @106.34 from a horizontal line 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 CTXS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTXS is up. |
| ChartMill Relative Strength | 84.26 | POSITIVE | CTXS has a high relative strength, it outperformed 84.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTXS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTXS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTXS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.14 | NEUTRAL | The RSI value for CTXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CTXS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.92 | OVERBOUGHT | The high Stochastics value suggests CTXS may be overbought. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for CTXS suggests low volalility. |
| Average Directional Index/ADX (14) | 31.69 | POSITIVE | The high ADX value value for CTXS suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 103.92 | 103.38 | 0.54 (0.52%) | 25.00% |
| An entry @103.92. This is a Buy Stop order right above the resistance zone. | An exit @103.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.54 points, which is 0.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- 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.
103.9
+0.04 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.04%
1 Week0.09%
2 Weeks0.28%
1 Month1.1%
3 Month6.1%
6 Month2.37%
12 Month-4.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.26%
ATR Inc-47.31%
Range Today0.07
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
CRS84.26
Mansfield2.34
10 Day High103.96
10 Day Low103.39
20 Day High103.96
20 Day Low102.6
52 Week High108.5
52 Week Low78.07
CS1 End103.76
CR1 Start103.91
Volume & EV
DER(3)-2.75%
DER(5)-2.2%
Volume6.63M
Volume Incr204.23%
Vol(5)3.65M
Vol(50)1.18M