CPI AEROSTRUCTURES INC (CVU) Stock Technical Analysis
USA - NYSEARCA:CVU - US1259193084 - Common Stock
Taking everything into account, CVU scores 0 out of 10 in our technical rating. CVU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CVU has a bad technical rating, but it does show 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 2.53. Right above this resistance zone may be a good entry point.
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2.37
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.53 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.66 from a horizontal line in the daily time frame.
- Resistance @3.32 from a trend line in the daily time frame.
- Resistance @3.52 from a horizontal line in the daily time frame.
- Resistance @3.62 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 CVU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVU is neutral. |
| ChartMill Relative Strength | 14.7 | NEGATIVE | CVU has a low relative strength, it was outperformed by 85.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.22 | NEUTRAL | The RSI value for CVU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CVU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.08 | OVERSOLD | The low Stochastics value suggests CVU may be oversold. |
| Average True Range in percent/ATR (20) | 11.56 | HIGH VOLATILITY | The high ATR as a percentage value for CVU suggests high volalility. |
| Average Directional Index/ADX (14) | 35.28 | POSITIVE | The high ADX value value for CVU suggests a strong trend. |
2.39
+0.34 (+16.59%)
CPI AEROSTRUCTURES INC / CVU FAQ
What is the ChartMill technical rating of CPI AEROSTRUCTURES INC (CVU) stock?
ChartMill assigns a technical rating of 0 / 10 to CVU.
What is the current trend direction of CPI AEROSTRUCTURES INC (CVU) stock?
The current trend direction for CPI AEROSTRUCTURES INC (CVU) is Bearish.
What is the RSI signal for CVU stock?
CPI AEROSTRUCTURES INC (CVU) has an RSI value of 52.2237. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CPI AEROSTRUCTURES INC?
The short term momentum for CPI AEROSTRUCTURES INC (CVU) is neutral.
What are the support and resistance levels for CPI AEROSTRUCTURES INC (CVU) stock?
CPI AEROSTRUCTURES INC (CVU) has a resistance level at 2.53. Check the full technical report for our detailed analysis of CVU support and resistance levels.