Taking everything into account, CLMT scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CLMT is only an average performer.
Although the technical rating is only medium, CLMT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.86, a Stop Loss order could be placed below this zone.
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17.68
4 important support areas can be observed.
- A support zone ranging from 19.30 to 19.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.65 to 18.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.22 from a horizontal line in the daily time frame.
- Support @17.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.21 to 20.46. 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 CLMT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLMT is neutral. |
| ChartMill Relative Strength | 47.28 | NEUTRAL | CLMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.29 | NEUTRAL | The RSI value for CLMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CLMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.11 | NEUTRAL | The Stochastics value for CLMT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.94 | NEUTRAL | The ADX value for CLMT suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 20.47 | 19.29 | 1.18 (5.76%) | 17.35% |
| An entry @20.47. This is a Buy Stop order right above the resistance zone. | An exit @19.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 5.76%. | When investing 17.35% 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.
20.13
+0.36 (+1.82%)
CALUMET INC / CLMT FAQ
What is the ChartMill technical rating of CALUMET INC (CLMT) stock?
ChartMill assigns a technical rating of 6 / 10 to CLMT.
What is the trend direction for CLMT stock?
The current trend direction for CALUMET INC (CLMT) is Bullish.
Can you provide the RSI signal for CALUMET INC?
CALUMET INC (CLMT) has an RSI value of 58.2897. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CALUMET INC?
The MACD indicator for CALUMET INC (CLMT) has a value of -0.0204265, indicating a bearish trend.