CLEARBRIDGE MLP & MIDSTREAM (CEM) Stock Technical Analysis
NYSE:CEM - New York Stock Exchange, Inc. - US1846922003 - Currency: USD
Taking everything into account, CEM scores 4 out of 10 in our technical rating. In the last year, CEM was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CEM is lagging the market slightly.
CEM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CEM outperforms 60% of them, which is more or less in line with the market.
In the last month CEM has a been trading in a tight range between 42.96 and 45.41.
CEM has only a medium 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 44.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
39.73
49.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.08 to 44.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.68 to 42.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 44.70 to 45.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.81 from a trend line in the weekly time frame.
- A resistance zone ranging from 48.38 to 48.56. 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 CEM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CEM is neutral. |
| ChartMill Relative Strength | 60.16 | NEUTRAL | CEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CEM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.66 | NEUTRAL | The RSI value for CEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.25 | NEUTRAL | The Stochastics value for CEM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for CEM suggests low volalility. |
| Average Directional Index/ADX (14) | 10.93 | NEGATIVE | The low ADX value for CEM suggests a weak or negative trend. |
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)
NYSE:CEM (9/6/2024, 8:04:44 PM)
44.64
-0.04 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.09%
1 Week-0.53%
2 Weeks1.64%
1 Month1.27%
3 Month-5.68%
6 Month3.07%
12 Month26.1%
2 Year49.8%
3 Year64.42%
5 Year-21.55%
10 Year-67.98%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.47%
ATR Inc-1.62%
Range Today0.59
ADR(20)0.59
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.16
Mansfield-0.19
10 Day High45.41
10 Day Low43.73
20 Day High45.41
20 Day Low42.96
52 Week High48.61
52 Week Low33.11
CS1 End44.59
CR1 Start44.7
Volume & EV
DER(3)-1.39%
DER(5)-0.19%
Volume14.00K
Volume Incr-27.22%
Vol(5)16.12K
Vol(50)30.81K