CMC Materials Inc (CCMP) Stock Technical Analysis
NASDAQ:CCMP - Nasdaq - US12571T1007 - Common Stock
Overall CCMP gets a technical rating of 2 out of 10. 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.
In the last month CCMP has a been trading in the 170.70 - 181.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
CCMP is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 90% of 110 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, CCMP did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CCMP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CCMP is lagging the market slightly.
Volume is considerably higher in the last couple of days.
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
194.92
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.
We can see 3 important resistance 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. |
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)
173.69
+1.01 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.58%
1 Week-3.58%
2 Weeks0.65%
1 Month-3.79%
3 Month-0.91%
6 Month-8.32%
12 Month16.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.9
ATR(20)%1.53%
ATR Inc6.07%
Range Today3.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.22
Mansfield2.3
10 Day High181.29
10 Day Low170.7
20 Day High181.83
20 Day Low170.7
52 Week High197
52 Week Low119.19
CS1 End172.55
CR1 Start173.76
Volume & EV
DER(3)2.52%
DER(5)2.33%
Volume4.16M
Volume Incr230.11%
Vol(5)1.33M
Vol(50)465.56K