CALUMET INC (CLMT) Stock Technical Analysis
NASDAQ:CLMT • US1314281049
Taking everything into account, CLMT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLMT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CLMT did better than 94% of all other stocks.
- CLMT is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. CLMT outperforms 93% of them.
- CLMT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CLMT has a been trading in the 19.62 - 29.19 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CLMT has an average volume of 1085860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CLMT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.22 to 21.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.87 from a trend line in the weekly time frame.
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 | 94.37 | POSITIVE | CLMT has a high relative strength, it outperformed 94.37% off all stocks 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) | 87.12 | OVERBOUGHT | The high RSI value suggests CLMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests CLMT has a positive trend. |
| Stochastics (14,3) | 93.18 | OVERBOUGHT | The high Stochastics value suggests CLMT may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMT suggests some volalility. |
| Average Directional Index/ADX (14) | 50.49 | POSITIVE | The high ADX value value for CLMT suggests a strong trend. |
28.61
+2.63 (+10.12%)
CALUMET INC / CLMT FAQ
What is the ChartMill technical rating of CALUMET INC (CLMT) stock?
ChartMill assigns a technical rating of 10 / 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 87.1209. This indicates that the stock is currently overbought.
Can you provide the MACD signal for CALUMET INC?
The MACD indicator for CALUMET INC (CLMT) has a value of 0.425444, indicating a bearish trend.
Can you provide the buy/sell signal for CALUMET INC?
The buy/sell signal for CALUMET INC (CLMT) is buy as both the short term and long term trends are positive.