CMC Materials Inc (CCMP) Stock Technical Analysis
USA - NASDAQ:CCMP - US12571T1007 - Common Stock
We assign a technical rating of 2 out of 10 to CCMP. Although CCMP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CCMP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 172.55, a Stop Loss order could be placed below this zone.
More info and screens
168.17
We found 1 important support area.
- A support zone ranging from 169.87 to 172.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 173.76 to 176.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 181.42 to 185.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 192.98 to 192.99. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CCMP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CCMP is down. |
| ChartMill Relative Strength | 93.22 | POSITIVE | CCMP has a high relative strength, it outperformed 93.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CCMP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.9 | NEUTRAL | The RSI value for CCMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CCMP has a negative trend. |
| Stochastics (14,3) | 20.26 | NEUTRAL | The Stochastics value for CCMP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for CCMP suggests low volalility. |
173.69
+1.01 (+0.58%)
CMC Materials Inc / CCMP FAQ
What is the ChartMill technical rating of CMC Materials Inc (CCMP) stock?
ChartMill assigns a technical rating of 1 / 10 to CCMP.
What is the trend direction for CCMP stock?
The current trend direction for CMC Materials Inc (CCMP) is Bearish.
Can you provide the RSI signal for CMC Materials Inc?
CMC Materials Inc (CCMP) has an RSI value of 44.9014. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CMC Materials Inc?
CMC Materials Inc (CCMP) has a support level at 172.55 and a resistance level at 173.76. Check the full technical report for our detailed analysis of CCMP support and resistance levels.