• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Financial Services

Credit Suisse Stock Rally Could Stall: Chart

Can the rally keep going and what price targets are readable?
By BRUCE KAMICH
Dec 13, 2017 Updated Dec 13, 2017 | 03:05 PM EST
Stocks quotes in this article: CS

Credit Suisse Group AG ADR (CS)  has rallied smartly from it mid-year low. Can the rally keep going and what price targets are readable? Let's review the charts and indicators.

In this daily bar chart of CS, below, we can see that all our favorite indicators have a bullish alignment. CS is trading up the rising 50-day line and the rising 200-day moving average line. A bullish golden cross of these two averages can be see in August. The daily On-Balance-Volume (OBV) line shows a rise from April and a higher low in June when prices made a lower low. The OBV line has made a new high in recent sessions to confirm the new price highs. The trend-following Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since September and is pointed up.

In this weekly bar chart of CS, below, we can see that prices are above the rising 40-week moving average line. There is some chart resistance (former support) in the $20-$22 area and more above $24. The weekly OBV line has been moving up since June and confirms the price advance. The weekly MACD oscillator is bullish.

In this Point and Figure chart of CS, below, we can see a longer-term downtrend. The 2016-2017 consolidation pattern can support a rally to the $19.50 area.

Bottom line: Credit Suisse has been rallying and the chart is still pointed up. However, overhead resistance could slow or stall the advance in the months ahead.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from owning individual securities.

TAGS: Investing | U.S. Equity | Financial Services | Stocks

More from Financial Services

Here's When to Move on Zillow

Bruce Kamich
Mar 3, 2021 2:18 PM EST

A correction in Zillow Group is unfolding, so let it play out first.

Get Some Dividend Insurance With This Stock

Bob Ciura
Mar 3, 2021 12:23 PM EST

Mercury General offers a 4.2% yield and growth promise, as it offers insurance in 11 states including California.

Time to Consider Making a Withdrawal From Webster Financial

Paul Price
Mar 3, 2021 7:00 AM EST

I typically tell you when I see opportunities to get into, not out of, stocks, but this one appears to be getting overvalued.

Square Still Looks Vulnerable Despite the Recent Bounce

Bruce Kamich
Mar 2, 2021 11:00 AM EST

SQ's overall chart picture suggests more weakness is possible.

Rocket Companies Is Not Ready to Blast Off

Bruce Kamich
Mar 1, 2021 10:36 AM EST

The company went public seven months ago.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 08:50 AM EST PAUL PRICE

    Michaels: Close to a Deal?

    It appears that a deal could be announced soon. ...
  • 08:34 AM EST GARY BERMAN

    Wednesday Morning Fibocall for 3/3/2021

    SPX (Long-Term View) The 20 DMA @ 3889 with the ...
  • 06:05 PM EST PAUL PRICE

    Michael's (MIK) Up on Takeover Rumors

    The NYT says talks are underway regarding a buyout...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login