CAL-MAINE FOODS INC (CALM) Technical Analysis
NASDAQ:CALM • US1280302027
Overall CALM gets a technical rating of 6 out of 10. CALM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- CALM is part of the Food Products industry. There are 88 other stocks in this industry. CALM outperforms 73% of them.
- CALM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- CALM has an average volume of 1236900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CALM turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- CALM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CALM is lagging the market slightly.
Although the technical rating is only medium, CALM does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 88.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
74.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 81.23 to 82.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @75.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 88.11 to 89.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @91.57 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 | NEUTRAL | NEUTRAL | The long term trend for CALM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CALM is up. |
| ChartMill Relative Strength | 54.16 | NEUTRAL | CALM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CALM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CALM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CALM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.45 | NEUTRAL | The RSI value for CALM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CALM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.01 | NEUTRAL | The Stochastics value for CALM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for CALM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.15 | NEUTRAL | The ADX value for CALM suggests a possible start of a new 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 |
|---|---|---|---|
| 89.85 | 84.54 | 5.31 (5.91%) | 16.92% |
| An entry @89.85. This is a Buy Stop order right above the resistance zone. | An exit @84.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.31 points, which is 5.91%. | When investing 16.92% 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.
CALM Technicals: Chart, Performance Metrics, Trend & Indicators
87.85
-1.29 (-1.45%)
CAL-MAINE FOODS INC / CALM FAQ
Can you provide the ChartMill technical rating for CAL-MAINE FOODS INC?
ChartMill assigns a technical rating of 6 / 10 to CALM.
Can you provide the trend direction for CAL-MAINE FOODS INC?
The current trend direction for CAL-MAINE FOODS INC (CALM) is Bearish.
Can you provide the RSI signal for CAL-MAINE FOODS INC?
CAL-MAINE FOODS INC (CALM) has an RSI value of 57.4531. This indicates that the stock is currently neutral.
What is the MACD signal for CALM stock?
The MACD indicator for CAL-MAINE FOODS INC (CALM) has a value of 0.0514061, indicating a bearish trend.