CMC Materials Inc (CCMP) Technical Analysis
NASDAQ:CCMP • US12571T1007
Current stock price
CCMP Technical Rating and Analysis
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.
- 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.
- 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 an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 69% of 115 stocks in the same industry.
- 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.
CCMP Weekly and Daily overview Charts
CCMP Setup Rating and Analysis
CCMP has a bad technical rating, but it does show a decent setup pattern. 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
CCMP Support and Resistance Analysis
168.17
When analyzing the support we notice one important 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.
CCMP 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 | 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. |
CCMP Chart- and CandleStick Pattern Analysis
CCMP Technicals: Chart, Performance Metrics, Trend & Indicators
173.69
+1.01 (+0.58%)
CMC Materials Inc / CCMP TA FAQ
What is the ChartMill technical rating of CMC Materials Inc (CCMP) stock?
ChartMill assigns a technical rating of 1 / 10 to CCMP.
Can you provide the trend direction for CMC Materials Inc?
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.
What is the MACD signal for CCMP stock?
The MACD indicator for CMC Materials Inc (CCMP) has a value of -0.249895, indicating a bearish trend.
What is the short term momentum for CMC Materials Inc (CCMP) stock?
The short term momentum for CMC Materials Inc (CCMP) is negative.