CHEMBIO DIAGNOSTICS INC (CEMI) Technical Analysis
NASDAQ:CEMI • US1635722093
Current stock price
CEMI Technical Rating and Analysis
Taking everything into account, CEMI scores 9 out of 10 in our technical rating. 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 part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. CEMI outperforms 87% of them.
- 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.
- Looking at the yearly performance, CEMI did better than 82% of all other 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.
CEMI Weekly and Daily overview Charts
CEMI Setup Rating and Analysis
CEMI has an excellent technical rating and 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
CEMI Support and Resistance Analysis
0.40
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.
When analyzing the resistance we notice one important 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.
CEMI 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 | 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. |
CEMI Chart- and CandleStick Pattern Analysis
CEMI Example Setup
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%. | When investing 11.03% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CEMI Technicals: Chart, Performance Metrics, Trend & Indicators
0.455
+0 (+0.22%)
CHEMBIO DIAGNOSTICS INC / CEMI TA FAQ
What is the ChartMill technical rating of CHEMBIO DIAGNOSTICS INC (CEMI) stock?
ChartMill assigns a technical rating of 8 / 10 to CEMI.
Can you provide the trend direction for CHEMBIO DIAGNOSTICS INC?
The current trend direction for CHEMBIO DIAGNOSTICS INC (CEMI) is Bullish.
What is the RSI signal for CEMI stock?
CHEMBIO DIAGNOSTICS INC (CEMI) has an RSI value of 58.0781. This indicates that the stock is currently neutral.
What is the short term momentum for CHEMBIO DIAGNOSTICS INC (CEMI) stock?
The short term momentum for CHEMBIO DIAGNOSTICS INC (CEMI) is positive.
Can you provide the support and resistance levels for CHEMBIO DIAGNOSTICS INC?
CHEMBIO DIAGNOSTICS INC (CEMI) has a support level at 0.45 and a resistance level at 0.47. Check the full technical report for our detailed analysis of CEMI support and resistance levels.