CHINA EASTERN AIRLINES-ADS (CEA) Stock Technical Analysis
NYSE:CEA - New York Stock Exchange, Inc. - US16937R1041 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to CEA. In the last year, CEA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month CEA has a been trading in the 19.00 - 22.05 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CEA has an average volume of 11408 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CEA is one of the better performing stocks in the Passenger Airlines industry, it outperforms 72% of 23 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that CEA is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CEA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CEA is lagging the market.
Volume is considerably higher in the last couple of days.
CEA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CEA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.81
21.82
When analyzing the support we can see 5 important areas.
- A support zone ranging from 19.11 to 19.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.13 from a trend line in the weekly time frame.
- Support @16.93 from a trend line in the daily time frame.
- A support zone ranging from 16.25 to 16.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.85 to 21.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.89
Mansfield0.61
10 Day High21.33
10 Day Low19
20 Day High22.05
20 Day Low19
52 Week High22.92
52 Week Low15.54
Performance
1 Week-4.24%
2 Weeks-1.23%
1 Month-5.77%
3 Month13.63%
6 Month12.49%
12 Month3.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.19
RSI(14)46.4
LBB19.31
UBB21.77
NYSE:CEA (2/2/2023, 8:04:00 PM)
20.09
+0.5 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg2.55%
1 Week-4.24%
2 Weeks-1.23%
1 Month-5.77%
3 Month13.63%
6 Month12.49%
12 Month3.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%4.01%
ATR Inc76.62%
Range Today1.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.89
Mansfield0.61
10 Day High21.33
10 Day Low19
20 Day High22.05
20 Day Low19
52 Week High22.92
52 Week Low15.54
CS1 End19.14
CR1 Start20.85
Volume & EV
DER(3)3.93%
DER(5)-3.63%
Volume17.00K
Volume Incr40.72%
Vol(5)18.66K
Vol(50)11.41K