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Centurylink (CTL) Stock Technical Analysis

NYSE:CTL - New York Stock Exchange, Inc. -

11  0 (0%)

After market: 11 0 (0%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to CTL. CTL 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.
CTL has an average volume of 11419200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CTL outperforms 45% of them, which is more or less in line with the market.
CTL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTL is lagging the market.
In the last month CTL has a been trading in the 10.49 - 11.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
Centurylink / CTL Weekly stock chart
Centurylink / CTL Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, CTL 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 10.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CTL 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.
Support and Resistance Analysis

9.41

11.54

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 10.47 to 10.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @10.13 from a trend line in the daily time frame.
  • A support zone ranging from 9.75 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 9.50 to 9.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • Resistance @11.08 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 11.37 to 11.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.54
Mansfield-1.31
10 Day High11.23
10 Day Low10.49
20 Day High11.56
20 Day Low10.49
52 Week High15.3
52 Week Low8.16
Performance
1 Week4.27%
2 Weeks0.73%
1 Month-2.57%
3 Month8.37%
6 Month20.88%
12 Month-12.14%
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)-0.02
RSI(14)55.27
LBB10.52
UBB11.11
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
11.0910.480.61 (5.50%)18.18%
An entry @11.09. This is a Buy Stop order right above the resistance zone.An exit @10.48. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.61 points, which is 5.50%.For a 1.00% total portfolio risk, you can invest 18.18% of your capital in this trade.

  • 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.
Centurylink / CTL Daily stock chart

Centurylink

NYSE:CTL (9/17/2020, 8:04:01 PM)

After market: 11 0 (0%)

11

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week4.27%
2 Weeks0.73%
1 Month-2.57%
3 Month8.37%
6 Month20.88%
12 Month-12.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%2.79%
ATR Inc-14.35%
Range Today0.27
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
CRS45.54
Mansfield-1.31
10 Day High11.23
10 Day Low10.49
20 Day High11.56
20 Day Low10.49
52 Week High15.3
52 Week Low8.16
CS1 End10.95
CR1 Start11.08
Volume & EV
DER(3)4.17%
DER(5)2.42%
Volume8.54M
Volume Incr-9.7%
Vol(5)9.72M
Vol(50)11.42M