We assign a technical rating of 6 out of 10 to CLMT. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CLMT is a bad 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 very little resistance above the current price. There is a support zone below the current price at 19.18, a Stop Loss order could be placed below this zone.
More info and screens
13.04
We found 4 important support areas.
- A support zone ranging from 18.96 to 19.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.22 to 18.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.84 to 17.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.17 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @19.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 20.10 to 20.11. 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 | UP | POSITIVE | The short term trend for CLMT is up. |
| ChartMill Relative Strength | 38.48 | NEUTRAL | CLMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLMT is above a declining 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) | 53.92 | NEUTRAL | The RSI value for CLMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CLMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.17 | OVERBOUGHT | The high Stochastics value suggests CLMT may be overbought. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.51 | POSITIVE | The high ADX value value for CLMT suggests a strong 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 |
|---|---|---|---|
| 19.61 | 18.95 | 0.66 (3.37%) | 25.00% |
| An entry @19.61. This is a Buy Stop order right above the resistance zone. | An exit @18.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.66 points, which is 3.37%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CLMT. Please evaluate whether better entry and exit points can be found.
- 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.
19.34
-0.11 (-0.57%)
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 current trend direction of CALUMET INC (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 53.918. This indicates that the stock is currently neutral.
What is the MACD signal for CLMT stock?
The MACD indicator for CALUMET INC (CLMT) has a value of 0.0589511, indicating a bearish trend.
What is the support and resistance level for CLMT stock?
CALUMET INC (CLMT) has a support level at 19.18 and a resistance level at 19.6. Check the full technical report for our detailed analysis of CLMT support and resistance levels.