CAMBREX CORP (CBM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CBM
Overall CBM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CBM is only an average performer.
- The long and short term trends are both positive. This is looking good!
- CBM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, CBM did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month CBM has a been trading in a tight range between 59.75 and 59.99.
Although CBM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.80 to 59.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.63 to 45.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 60.06 to 60.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CBM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBM is up. |
| ChartMill Relative Strength | 79.22 | POSITIVE | CBM has a high relative strength, it outperformed 79.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.84 | NEUTRAL | The RSI value for CBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 98.33 | OVERBOUGHT | The high Stochastics value suggests CBM may be overbought. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for CBM suggests low volalility. |
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 |
|---|---|---|---|
| 60.00 | 59.80 | 0.20 (0.33%) | 25.00% |
| An entry @60.00. This is a Buy Stop order right above the 10 day high. | An exit @59.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.20 points, which is 0.33%. | For a 0.08% total portfolio risk, you can invest 25.00% 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.
59.99
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CAMBREX CORP / CBM FAQ
Can you provide the ChartMill technical rating for CAMBREX CORP?
ChartMill assigns a technical rating of 7 / 10 to CBM.
What is the current trend direction of CAMBREX CORP (CBM) stock?
The current trend direction for CAMBREX CORP (CBM) is Bullish.
What is the RSI signal for CBM stock?
CAMBREX CORP (CBM) has an RSI value of 65.8444. This indicates that the stock is currently neutral.
What is the MACD signal for CAMBREX CORP (CBM) stock?
The MACD indicator for CAMBREX CORP (CBM) has a value of -0.00459951, indicating a bearish trend.
What is the short term momentum for CAMBREX CORP (CBM) stock?
The short term momentum for CAMBREX CORP (CBM) is positive.