CAL-MAINE FOODS INC (CALM)       59.28  +0.21 (+0.36%)

59.28  +0.21 (+0.36%)

US1280302027 - Common Stock

Technical Rating

7

We assign a technical rating of 7 out of 10 to CALM. In the last year, CALM was one of the better performers, but we do observe some doubts in the very recent evolution.



The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CALM is one of the better performing stocks in the market, outperforming 97% 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 98% of 101 stocks in the same industry.
CALM is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CALM slightly outperforms the market at the moment.
In the last month CALM has a been trading in the 52.31 - 60.01 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months -0.22% 1.97% 31.06% 63.18% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 97.1 35.1 - 62.64
CALM Weekly chart
CALM Daily chart

Support/Resistance Analysis


52.25

61.49
When analyzing the support we can see 3 important areas.
  • Support @59.22 from a horizontal line in the daily time frame.
  • A support zone ranging from 56.52 to 57.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 52.78 to 54.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 60.58 to 60.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Besides having an excellent technical rating, CALM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 59.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.99, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
59.2356.512.72 (4.59%)21.78%
An entry @59.23. This is a Buy Stop order right above the resistance zone.An exit @56.51. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.72 points, which is 4.59%.For a 1.00% total portfolio risk, you can invest 21.78% of your capital in this trade.

  • 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 Daily chart

CAL-MAINE FOODS INC59.28

NASDAQ:CALM (12/7/2022, 1:01:44 PM)+0.21 (+0.36%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food Products
Performance
Today 0.36% 1 Week 2.71%
2 Weeks 4.72% 1 Month -0.22%
3 Month 1.97% 6 Month 31.06%
Volatility
ATR(14) 1.48 ATR(20)% 2.88%
ATR Inc -3.01% Range Today 0.99
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 97.1 Mansfield 2.11
10 Day High 60.01 10 Day Low 56.03
20 Day High 60.01 20 Day Low 52.31
52 Week High 62.64 52 Week Low 35.1
CS1 End 57.99 CR1 Start 59.22
Volume & EV
DER(3) -5.03% DER(5) -3.31%
Volume 220.84K Volume Incr -23.79%
Vol(5) 572.28K Vol(50) 931.79K

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