CHEMBIO DIAGNOSTICS INC (CEMI) Stock Technical Analysis
NASDAQ:CEMI - Nasdaq - US1635722093 - Common Stock - Currency: USD
Overall CEMI gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CEMI has proven to be a steady performer, scoring decent points in every aspect analyzed.
CEMI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CEMI is lagging the market.
The long and short term trends are both positive. This is looking good!
CEMI is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 81% of 188 stocks in the same industry.
In the last month CEMI has a been trading in the 0.41 - 0.47 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CEMI is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CEMI also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CEMI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
0.40
0.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.44 from a horizontal line in the daily time frame.
- A support zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @0.40 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.47 to 0.47. 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 CEMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CEMI is up. |
| ChartMill Relative Strength | 82.43 | POSITIVE | CEMI has a high relative strength, it outperformed 82.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CEMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CEMI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.08 | NEUTRAL | The RSI value for CEMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CEMI has a negative trend. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for CEMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CEMI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.27 | NEGATIVE | The low ADX value for CEMI 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)
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 |
|---|---|---|---|
| 0.48 | 0.44 | 0.04 (9.06%) | 11.03% |
| An entry @0.48. This is a Buy Stop order right above the resistance zone. | An exit @0.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 9.06%. | For a 1.00% total portfolio risk, you can invest 11.03% of your capital in this trade. |
- 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.
0.455
+0 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.22%
1 Week1.11%
2 Weeks1.34%
1 Month5.79%
3 Month29.96%
6 Month42.19%
12 Month-20.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%2.65%
ATR Inc8.44%
Range Today0.01
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
CRS82.43
Mansfield-1.05
10 Day High0.47
10 Day Low0.45
20 Day High0.47
20 Day Low0.41
52 Week High1.24
52 Week Low0.19
CS1 End0.45
CR1 Start0.47
Volume & EV
DER(3)5.05%
DER(5)2.71%
Volume351.60K
Volume Incr-71.34%
Vol(5)198.04K
Vol(50)547.82K