CULP INC (CULP) Stock Technical Analysis
NYSE:CULP - New York Stock Exchange, Inc. - US2302151053 - Common Stock - Currency: USD
Taking everything into account, CULP scores 2 out of 10 in our technical rating. CULP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CULP does present a nice setup opportunity. 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 4.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CULP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
3.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.31 to 4.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.98 from a trend line in the daily time frame.
- A support zone ranging from 3.77 to 3.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 4.41 to 4.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.58 from a horizontal line in the weekly time frame.
- Resistance @4.71 from a horizontal line in the daily time frame.
- Resistance @5.10 from a trend line in the daily time frame.
- Resistance @5.25 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 | DOWN | NEGATIVE | The long term trend for CULP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CULP is neutral. |
| ChartMill Relative Strength | 41.44 | NEUTRAL | CULP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CULP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CULP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CULP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.97 | NEUTRAL | The RSI value for CULP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CULP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.31 | NEUTRAL | The Stochastics value for CULP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CULP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.4 | NEGATIVE | The low ADX value for CULP suggests a weak or negative trend. |
NYSE:CULP (8/6/2025, 4:10:03 PM)
4.34
+0.01 (+0.23%)