CAMTEK LTD (CAMT) Stock Technical Analysis
USA - NASDAQ:CAMT - IL0010952641 - Common Stock
Overall CAMT 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, CAMT is showing a nice and steady performance.
Besides having an excellent technical rating, CAMT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 123.43, 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
86.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 119.81 to 123.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @115.91 from a horizontal line in the daily time frame.
- Support @90.28 from a trend line in the weekly time frame.
- Support @87.66 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @123.82 from a horizontal line in the weekly time frame.
- Resistance @128.23 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 CAMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAMT is up. |
| ChartMill Relative Strength | 92.39 | POSITIVE | CAMT has a high relative strength, it outperformed 92.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.41 | NEUTRAL | The RSI value for CAMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests CAMT has a negative trend. |
| Stochastics (14,3) | 65.36 | NEUTRAL | The Stochastics value for CAMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CAMT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for CAMT 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 |
|---|---|---|---|
| 123.83 | 119.80 | 4.03 (3.25%) | 25.00% |
| An entry @123.83. This is a Buy Stop order right above the resistance zone. | An exit @119.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.03 points, which is 3.25%. | For a 0.81% 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 CAMT. 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.
123.44
-0.38 (-0.31%)
CAMTEK LTD / CAMT FAQ
What is the technical rating for CAMT stock?
ChartMill assigns a technical rating of 10 / 10 to CAMT.
Can you provide the trend direction for CAMTEK LTD?
The current trend direction for CAMTEK LTD (CAMT) is Bullish.
What is the RSI signal for CAMTEK LTD (CAMT) stock?
CAMTEK LTD (CAMT) has an RSI value of 59.4102. This indicates that the stock is currently neutral.
What is the MACD signal for CAMTEK LTD (CAMT) stock?
The MACD indicator for CAMTEK LTD (CAMT) has a value of -0.564816, indicating a bearish trend.
What is the buy/sell signal for CAMTEK LTD (CAMT) stock?
The buy/sell signal for CAMTEK LTD (CAMT) is buy as both the short term and long term trends are positive.