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CLS

weekly
Daily Weekly Monthly
UPTREND
Support
$350
Resistance
$390
CLS Celestica Inc. weekly candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — uptrend as of May 22, 2026
CLS Weekly chart 2026-05-22 20:37:34 UTC
AI-generated analysis — not financial advice. For educational purposes only.

CLS Weekly Technical Analysis Summary

As of May 22, 2026, CLS (Celestica Inc.) is in a uptrend state on the weekly chart, with a confidence level of 72%. Key support is at $350 and key resistance at $390. After a sharp breakout to new highs near ~$420, CLS is pulling back to ~$367 while still holding well above the rising EMA50 (~$274) and prior breakout area; RSI ~60 suggests momentum cooled but remains constructive.

Price Scenarios & Targets

bullish

Base between ~$350–$390, then attempt to reclaim $390 and retest the prior high zone; Elliott view: likely consolidating as wave 4 before a final wave 5 push; Fibonacci: pullback is consistent with a shallow 23.6–38.2% retrace of the ~$270→~$420 leg, with buyers defending above the EMA20/EMA50 region.

Price Target
$460
Path to target
First move
$420
Pullback
$360
Final target
$460

bearish

Deeper weekly correction: lose ~$350 support and mean-revert toward the rising EMA50/SMA50 cluster; Elliott view: wave 4 morphs into a more complex ABC (sideways-to-down) before trend resumes; Fibonacci: extension down toward the 38.2–50% retrace zone of the last impulse becomes likely.

Price Target
$275
Path to target
First move
$330
Pullback
$350
Final target
$275

Key Triggers

Confirmation & Invalidation

✓ Confirmation

Weekly close back above $390 would confirm continuation after the pullback.

✗ Invalidation

Weekly close below $330 would suggest the pullback is turning into a deeper trend change risk.

Position Entry & Exit Levels

⊕ Add

Start $345 – $360
Add $315 – $335
Heavy $265 – $285

Scale near weekly demand at ~$350 first; add on breakdown/retest of ~$330; heavy add at EMA50/SMA50 confluence (~$274) where trend support should be strongest if the primary uptrend remains intact.

⊖ Derisk

Trim 1 $410 – $430
Trim 2 $450 – $480
Close $520 – $600

Trim into prior-high supply ($420 zone) and potential wave-5 extension ($450–$480); fully exit only on an oversized multi-year extension well above the MA bundle (blow-off risk) around $520+.

Frequently Asked Questions

What is the weekly technical outlook for CLS today?

As of May 22, 2026, CLS (Celestica Inc.) is in a uptrend state on the weekly chart with 72% confidence. After a sharp breakout to new highs near ~$420, CLS is pulling back to ~$367 while still holding well above the rising EMA50 (~$274) and prior breakout area; RSI ~60 suggests momentum cooled but remains constructive.

What are the weekly support and resistance levels for CLS?

On the weekly timeframe, CLS has key support at $350 and key resistance at $390. The most likely scenario (bullish) targets $420 and $460, with a revert level at $360.

Is CLS in an uptrend or downtrend?

CLS (Celestica Inc.) is currently classified as uptrend on the weekly chart, with 72% confidence. Confirmation requires: Weekly close back above $390 would confirm continuation after the pullback. This would be invalidated by: Weekly close below $330 would suggest the pullback is turning into a deeper trend change risk.

What are the price targets for CLS?

The most likely scenario (bullish) targets $420 and $460, with a revert level at $360. The alternative scenario (bearish) targets $330 and $275.

Other Timeframes for CLS
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