SS SPDR BB CONV SEC ETF (CWB) Technical Analysis
NYSEARCA:CWB • US78464A3591
We assign a technical rating of 4 out of 10 to CWB. Although CWB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that CWB is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by CWB over the past year are nicely spread over this period.
- CWB 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 CWB is performing more or less in line with the market.
- In the last month CWB has a been trading in the 90.15 - 96.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Although the technical rating is only medium, CWB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 91.26, a Stop Loss order could be placed below this zone.
More info and screens
71.10
5 important support areas can be observed.
- A support zone ranging from 90.68 to 91.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @89.20 from a horizontal line in the daily time frame.
- A support zone ranging from 86.48 to 86.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.00 from a trend line in the weekly time frame.
- Support @71.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 92.56 to 95.73. This zone is formed by a combination of multiple trend lines and important moving averages 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 CWB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWB is down. |
| ChartMill Relative Strength | 72.22 | POSITIVE | CWB has a high relative strength, it outperformed 72.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CWB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CWB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.77 | NEUTRAL | The RSI value for CWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests CWB has a negative trend. |
| Stochastics (14,3) | 45.81 | NEUTRAL | The Stochastics value for CWB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for CWB suggests low volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for CWB suggests a weak or negative trend. |
CWB Technicals: Chart, Performance Metrics, Trend & Indicators
92.03
-1.42 (-1.52%)
SS SPDR BB CONV SEC ETF / CWB FAQ
What is the technical rating for CWB stock?
ChartMill assigns a technical rating of 4 / 10 to CWB.
What is the current trend direction of SS SPDR BB CONV SEC ETF (CWB) stock?
The current trend direction for SS SPDR BB CONV SEC ETF (CWB) is Bearish.
What is the RSI signal for SS SPDR BB CONV SEC ETF (CWB) stock?
SS SPDR BB CONV SEC ETF (CWB) has an RSI value of 42.7674. This indicates that the stock is currently neutral.
What are the support and resistance levels for SS SPDR BB CONV SEC ETF (CWB) stock?
SS SPDR BB CONV SEC ETF (CWB) has a support level at 91.26 and a resistance level at 92.56. Check the full technical report for our detailed analysis of CWB support and resistance levels.