CADELER A/S-ADR (CDLR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CDLR - US12738K1097 - ADR
Overall CDLR gets a technical rating of 1 out of 10. CDLR'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.
Although the technical rating is bad, CDLR 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 18.53. Right above this resistance zone may be a good entry point.
More info and screens
18.34
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.53 to 18.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.44 from a trend line in the weekly time frame.
- Resistance @22.45 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 CDLR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDLR is neutral. |
| ChartMill Relative Strength | 19.25 | NEGATIVE | CDLR has a low relative strength, it was outperformed by 80.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CDLR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CDLR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.6 | NEUTRAL | The RSI value for CDLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CDLR has a positive trend. |
| Stochastics (14,3) | 28.77 | NEUTRAL | The Stochastics value for CDLR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CDLR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.08 | POSITIVE | The high ADX value value for CDLR suggests a strong trend. |
18.53
+0.56 (+3.12%)
CADELER A/S-ADR / CDLR FAQ
What is the ChartMill technical rating of CADELER A/S-ADR (CDLR) stock?
ChartMill assigns a technical rating of 1 / 10 to CDLR.
What is the trend direction for CDLR stock?
The current trend direction for CADELER A/S-ADR (CDLR) is Bearish.
What is the RSI signal for CDLR stock?
CADELER A/S-ADR (CDLR) has an RSI value of 55.6026. This indicates that the stock is currently neutral.
What are the support and resistance levels for CADELER A/S-ADR (CDLR) stock?
CADELER A/S-ADR (CDLR) has a resistance level at 18.53. Check the full technical report for our detailed analysis of CDLR support and resistance levels.