Cellular Biomedicine (CBMG) Technical Analysis
NASDAQ:CBMG
Current stock price
CBMG Technical Rating and Analysis
Taking everything into account, CBMG scores 8 out of 10 in our technical rating. Although CBMG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CBMG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CBMG is leading the market.
- In the last month CBMG has a been trading in the 17.60 - 19.75 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CBMG outperforms 49% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
CBMG Weekly and Daily overview Charts
CBMG Setup Rating and Analysis
Besides having an excellent technical rating, CBMG 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 19.76. Right above this resistance zone may be a good entry point. 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
CBMG Support and Resistance Analysis
16.98
4 important support areas can be observed.
- A support zone ranging from 18.52 to 19.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.21 from a trend line in the daily time frame.
- Support @17.82 from a horizontal line in the daily time frame.
- A support zone ranging from 17.15 to 17.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.76 to 19.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
CBMG Technical Indicator Signal Analysis
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 CBMG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBMG is up. |
| ChartMill Relative Strength | 49.81 | NEUTRAL | CBMG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.56 | OVERBOUGHT | The high RSI value suggests CBMG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CBMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.46 | OVERBOUGHT | The high Stochastics value suggests CBMG may be overbought. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for CBMG suggests low volalility. |
CBMG Chart- and CandleStick Pattern Analysis
CBMG Example Setup
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 |
|---|---|---|---|
| 19.77 | 19.63 | 0.14 (0.71%) | 25.00% |
| An entry @19.77. This is a Buy Stop order right above the resistance zone. | An exit @19.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.14 points, which is 0.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- 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.
CBMG Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CBMG (2/19/2021, 8:00:01 PM)
19.75
0 (0%)
Cellular Biomedicine / CBMG TA FAQ
What is the ChartMill technical rating of Cellular Biomedicine (CBMG) stock?
ChartMill assigns a technical rating of 8 / 10 to CBMG.
Can you provide the trend direction for Cellular Biomedicine?
The current trend direction for Cellular Biomedicine (CBMG) is Bullish.
Can you provide the RSI signal for Cellular Biomedicine?
Cellular Biomedicine (CBMG) has an RSI value of 71.5648. This indicates that the stock is currently overbought.
What is the MACD signal for Cellular Biomedicine (CBMG) stock?
The MACD indicator for Cellular Biomedicine (CBMG) has a value of 0.00547413, indicating a bearish trend.
Can you provide the support and resistance levels for Cellular Biomedicine?
Cellular Biomedicine (CBMG) has a support level at 19.27 and a resistance level at 19.76. Check the full technical report for our detailed analysis of CBMG support and resistance levels.