Centamin Plc (CEY.L) Technical Analysis
LON:CEY • JE00B5TT1872
Current stock price
CEY.L Technical Rating and Analysis
Overall CEY gets a technical rating of 6 out of 10. In the last year, CEY was one of the better performers, but we do observe some doubts in the very recent evolution.
- CEY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the yearly performance of all stocks, we notice that CEY is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, CEY also shows a nice and consistent pattern of rising prices.
- CEY has an average volume of 3534000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- CEY 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 CEY is lagging the market slightly.
CEY.L Weekly and Daily overview Charts
CEY.L Setup Rating and Analysis
CEY has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CEY.L Support and Resistance Analysis
118.70
4 important support areas can be observed.
- A support zone ranging from 139.59 to 141.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 128.83 to 129.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @122.70 from a trend line in the weekly time frame.
- Support @119.90 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 145.81 to 147.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CEY.L 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 CEY.L is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CEY.L is down. |
| ChartMill Relative Strength | 93.74 | POSITIVE | CEY.L has a high relative strength, it outperformed 93.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CEY.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CEY.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEY.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.5 | NEUTRAL | The RSI value for CEY.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests CEY.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.63 | NEUTRAL | The Stochastics value for CEY.L is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CEY.L suggests some volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for CEY.L suggests a possible start of a new trend. |
CEY.L Chart- and CandleStick Pattern Analysis
CEY.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:CEY (11/21/2024, 5:29:56 PM)
145.8
+3.8 (+2.68%)
Centamin Plc / CEY.L TA FAQ
What is the technical rating for CEY stock?
ChartMill assigns a technical rating of 6 / 10 to CEY.L.
What is the trend direction for CEY stock?
The current trend direction for Centamin Plc (CEY.L) is Bullish.
What is the RSI signal for Centamin Plc (CEY.L) stock?
Centamin Plc (CEY.L) has an RSI value of 44.4957. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Centamin Plc?
The short term momentum for Centamin Plc (CEY.L) is negative.
What are the support and resistance levels for Centamin Plc (CEY.L) stock?
Centamin Plc (CEY.L) has a support level at 141.77 and a resistance level at 145.81. Check the full technical report for our detailed analysis of CEY.L support and resistance levels.