CTS CORP (CTS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTS - US1265011056 - Common Stock
Overall CTS gets a technical rating of 7 out of 10. Although CTS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CTS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 44.16, a Stop Loss order could be placed below this zone.
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35.69
We found 4 important support areas.
- A support zone ranging from 41.55 to 44.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.18 to 40.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.79 from a horizontal line in the daily time frame.
- Support @36.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @44.48 from a horizontal line in the weekly time frame.
- Resistance @45.53 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 CTS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTS is up. |
| ChartMill Relative Strength | 25.85 | NEGATIVE | CTS has a low relative strength, it was outperformed by 74.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.45 | NEUTRAL | The RSI value for CTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.09 | OVERBOUGHT | The high Stochastics value suggests CTS may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CTS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.44 | NEGATIVE | The low ADX value for CTS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 44.49 | 41.64 | 2.85 (6.41%) | 15.61% |
| An entry @44.49. This is a Buy Stop order right above the resistance zone. | An exit @41.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.85 points, which is 6.41%. | When investing 15.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
44.47
-1.05 (-2.31%)
CTS CORP / CTS FAQ
What is the ChartMill technical rating of CTS CORP (CTS) stock?
ChartMill assigns a technical rating of 7 / 10 to CTS.
What is the current trend direction of CTS CORP (CTS) stock?
The current trend direction for CTS CORP (CTS) is Bullish.
Can you provide the RSI signal for CTS CORP?
CTS CORP (CTS) has an RSI value of 57.4506. This indicates that the stock is currently neutral.
What is the MACD signal for CTS CORP (CTS) stock?
The MACD indicator for CTS CORP (CTS) has a value of 0.141901, indicating a bearish trend.
What is the buy/sell signal for CTS CORP (CTS) stock?
The buy/sell signal for CTS CORP (CTS) is buy as both the short term and long term trends are positive.