CXT Technical Analysis - CRANE NXT CO

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to CXT. CXT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

CXT 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 CXT is lagging the market slightly.

In the last month CXT has a been trading in the 55.85 - 66.24 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that CXT is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.

CXT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, CXT did better than 52% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CXT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

55.74

65.73

We found 3 important support areas.

A support zone ranging from 64.62 to 64.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 59.36 to 60.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 56.30 to 57.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @65.08 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for CXT is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CXT is up.
ChartMill Relative Strength	79.54	POSITIVE	CXT has a high relative strength, it outperformed 79.54% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CXT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CXT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CXT is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.36	NEUTRAL	The RSI value for CXT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.53	POSITIVE	The MACD value suggests CXT has a positive trend.
Stochastics (14,3)	75.09	NEUTRAL	The Stochastics value for CXT is a neutral value.
Average True Range in percent/ATR (20)	3.04	MEDIUM VOLATILITY	The ATR as a percentage value for CXT suggests some volalility.
Average Directional Index/ADX (14)	19.54	NEGATIVE	The low ADX value for CXT suggests a weak or negative trend.