CAL-MAINE FOODS INC (CALM) Stock Technical Analysis
NASDAQ:CALM - Nasdaq - US1280302027 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CALM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CALM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CALM is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, CALM also shows a nice and consistent pattern of rising prices.
CALM is one of the better performing stocks in the Food Products industry, it outperforms 88% of 91 stocks in the same industry.
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.
In the last month CALM has a been trading in the 98.31 - 126.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CALM has an excellent technical rating and 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 106.42, a Stop Loss order could be placed below this zone.
More info and screens
89.53
116.96
When analyzing the support we can see 5 important areas.
- A support zone ranging from 103.53 to 106.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.58 to 99.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @94.69 from a trend line in the weekly time frame.
- Support @92.66 from a horizontal line in the daily time frame.
- A support zone ranging from 90.43 to 90.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @115.80 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 CALM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CALM is up. |
| ChartMill Relative Strength | 89.05 | POSITIVE | CALM has a high relative strength, it outperformed 89.05% off all stocks 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) | UP | POSITIVE | The current price of CALM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.27 | NEUTRAL | The RSI value for CALM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CALM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.35 | NEUTRAL | The Stochastics value for CALM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CALM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for CALM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 115.81 | 103.52 | 12.29 (10.61%) | 9.42% |
| An entry @115.81. This is a Buy Stop order right above the resistance zone. | An exit @103.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.29 points, which is 10.61%. | When investing 9.42% 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.
107.88
-3.26 (-2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-2.93%
1 Week2.82%
2 Weeks1.83%
1 Month4.84%
3 Month16.11%
6 Month-0.02%
12 Month52.37%
2 Year125.74%
3 Year101.23%
5 Year179.55%
10 Year103.09%
15 Year626.95%
Volatility
ATR(14)5.52
ATR(20)%4.33%
ATR Inc-36.75%
Range Today4.06
ADR(20)4.14
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.05
Mansfield0.87
10 Day High126.4
10 Day Low102.74
20 Day High126.4
20 Day Low98.31
52 Week High126.4
52 Week Low67.4
CS1 End106.42
CR1 Start115.8
Volume & EV
DER(3)-1.31%
DER(5)-0.79%
Volume927.10K
Volume Incr5.93%
Vol(5)1.10M
Vol(50)866.68K