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Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 0.98%
PRICE $29.94
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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CPB Inc Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Buy candidate since 2018-04-19 Gain 0.98%

CPB Inc gained 0.98% in the last trading day, rising from $29.65 to $29.94 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 4.5% over the past 2 weeks. Volume fell in the last day by -8 023 shares, and in total, 129 972 shares bought and sold for approximately $3.89 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Shorts 3.56% ( 2018-03-29 )
Cash n/a
Loans 299.4 mill
Beta 1.12
ROA 0.70

Trend

CPB Inc has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $29.38 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $31.47 sometime during the next 3 months.

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Signals

Only positive signals in the chart today. CPB Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $29.45 and $29.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday April 06, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

CPB Inc finds support from accumulated volume at $29.65. On the upside the stock meets some resistance just above today's level from accumulated volume at $29.95, $29.97 and $30.01.

The stock is about to test the resistance from accumulated volume at $29.95 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $29.65 Price: $29.94 Resistance: $29.95

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.30 (1.01%) between high and low. For the last week, the stock has had a daily average volatility of 1.62%.

Our recommended stoploss: $28.62 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

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