CONSTRUCTION PARTNERS INC-A (ROAD) Stock Technical Analysis
NASDAQ:ROAD - Nasdaq - US21044C1071 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ROAD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROAD is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ROAD did better than 95% of all other stocks. On top of that, ROAD also shows a nice and consistent pattern of rising prices.
ROAD is one of the better performing stocks in the Construction & Engineering industry, it outperforms 88% of 52 stocks in the same industry.
ROAD 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 ROAD is performing more or less in line with the market.
In the last month ROAD has a been trading in the 98.21 - 111.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ROAD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 103.66, a Stop Loss order could be placed below this zone.
More info and screens
66.77
104.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 102.38 to 103.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 72.63 to 73.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.44 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 | UP | POSITIVE | The long term trend for ROAD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROAD is up. |
| ChartMill Relative Strength | 95.98 | POSITIVE | ROAD has a high relative strength, it outperformed 95.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ROAD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROAD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROAD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for ROAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests ROAD has a negative trend. |
| Stochastics (14,3) | 45.22 | NEUTRAL | The Stochastics value for ROAD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ROAD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.4 | POSITIVE | The high ADX value value for ROAD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 105.21 | 102.37 | 2.84 (2.70%) | 25.00% |
| An entry @105.21. This is a Buy Stop order right above the 10 day moving average. | An exit @102.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.84 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROAD. Please evaluate whether better entry and exit points can be found.
- 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.
103.67
-1.64 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.56%
1 Week-6.06%
2 Weeks-0.97%
1 Month4.67%
3 Month44.83%
6 Month9.31%
12 Month84.47%
2 Year230.26%
3 Year395.08%
5 Year483.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.03
ATR(20)%3.68%
ATR Inc-52.15%
Range Today2.54
ADR(20)3.7
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.98
Mansfield2.68
10 Day High111.98
10 Day Low98.65
20 Day High111.98
20 Day Low98.21
52 Week High111.98
52 Week Low51.63
CS1 End103.66
CR1 StartN/A
Volume & EV
DER(3)-0.09%
DER(5)0.01%
Volume365.30K
Volume Incr1.88%
Vol(5)536.24K
Vol(50)507.91K