Citrix Systems Inc (CTXS) Technical Analysis
NASDAQ:CTXS • US1773761002
Current stock price
CTXS Technical Rating and Analysis
Taking everything into account, CTXS scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTXS is showing a nice and steady performance.
- 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 89% of 272 stocks in the same industry.
- CTXS 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 CTXS is lagging the market slightly.
- 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.
CTXS Weekly and Daily overview Charts
CTXS Setup Rating and Analysis
Besides having an excellent technical rating, CTXS also presents 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 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
CTXS Support and Resistance Analysis
93.99
When analyzing the support we can see 3 important 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.
CTXS Technical Indicator Signal Analysis
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. |
CTXS Chart- and CandleStick Pattern Analysis
CTXS Example Setup
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%. | For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
CTXS Technicals: Chart, Performance Metrics, Trend & Indicators
103.9
+0.04 (+0.04%)
Citrix Systems Inc / CTXS TA FAQ
What is the technical rating for CTXS stock?
ChartMill assigns a technical rating of 7 / 10 to CTXS.
What is the trend direction for CTXS stock?
The current trend direction for Citrix Systems Inc (CTXS) is Bullish.
What is the RSI signal for Citrix Systems Inc (CTXS) stock?
Citrix Systems Inc (CTXS) has an RSI value of 66.1367. This indicates that the stock is currently neutral.
What is the buy/sell signal for CTXS stock?
The buy/sell signal for Citrix Systems Inc (CTXS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Citrix Systems Inc?
Citrix Systems Inc (CTXS) has a support level at 103.76 and a resistance level at 103.91. Check the full technical report for our detailed analysis of CTXS support and resistance levels.