CAL-MAINE FOODS INC (CALM) Stock Technical Analysis
USA - NASDAQ:CALM - US1280302027 - Common Stock
110.64 USD
-0.37 (-0.33%)
110.64 USD
0 (0%)
Overall CALM gets a technical rating of 10 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CALM did better than 87% of all other 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 93% of 88 stocks in the same industry.
CALM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CALM is lagging the market slightly.
In the last month CALM has a been trading in the 106.32 - 117.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, CALM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 115.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 110.63, a Stop Loss order could be placed below this zone.
More info and screens
89.99
120.35
4 important support areas can be observed.
- A support zone ranging from 108.07 to 110.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @104.83 from a trend line in the daily time frame.
- A support zone ranging from 98.19 to 98.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 115.80 to 116.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 119.16 to 119.16. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CALM is neutral. |
| ChartMill Relative Strength | 87.63 | POSITIVE | CALM has a high relative strength, it outperformed 87.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CALM is below 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) | 49.27 | NEUTRAL | The RSI value for CALM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests CALM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.51 | NEUTRAL | The Stochastics value for CALM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CALM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.78 | 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 |
|---|---|---|---|
| 112.06 | 108.06 | 4.00 (3.57%) | 25.00% |
| An entry @112.06. This is a Buy Stop order right above the 10 day moving average. | An exit @108.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.00 points, which is 3.57%. | For a 0.89% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CALM. Please evaluate whether better entry and exit points can be found.
- 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.
110.64
-0.37 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.33%
1 Week-2.8%
2 Weeks-4.12%
1 Month2.45%
3 Month14.8%
6 Month33.25%
12 Month59.47%
2 Year128.5%
3 Year99.03%
5 Year188.35%
10 Year102.6%
15 Year663.56%
Volatility
ATR(14)2.81
ATR(20)%2.64%
ATR Inc-29.76%
Range Today1.71
ADR(20)2.84
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.63
Mansfield0.2
10 Day High116.61
10 Day Low106.32
20 Day High117.45
20 Day Low106.32
52 Week High126.4
52 Week Low69.24
CS1 End110.63
CR1 Start115.8
Volume & EV
DER(3)0.06%
DER(5)-1.26%
Volume417.20K
Volume Incr-17.88%
Vol(5)576.98K
Vol(50)840.96K