CALUMET INC (CLMT) Technical Analysis
NASDAQ:CLMT • US1314281049
Current stock price
CLMT Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CLMT is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, CLMT also shows a nice and consistent pattern of rising prices.
- CLMT is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. CLMT outperforms 96% of them.
- CLMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CLMT is leading the market.
- In the last month CLMT has a been trading in the 27.01 - 36.94 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 1545410 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.
CLMT Weekly and Daily overview Charts
CLMT Setup Rating and Analysis
Although CLMT has an excellent technical rating, it does not offer a high quality setup 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
CLMT Support and Resistance Analysis
20.09
When analyzing the support we can see 3 important areas.
- Support @29.51 from a trend line in the daily time frame.
- Support @23.52 from a trend line in the daily time frame.
- Support @20.29 from a trend line in the weekly time frame.
CLMT 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 CLMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLMT is up. |
| ChartMill Relative Strength | 98.01 | POSITIVE | CLMT has a high relative strength, it outperformed 98.01% 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) | 72.13 | OVERBOUGHT | The high RSI value suggests CLMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests CLMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.31 | OVERBOUGHT | The high Stochastics value suggests CLMT may be overbought. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.49 | POSITIVE | The high ADX value value for CLMT suggests a strong trend. |
CLMT Chart- and CandleStick Pattern Analysis
CLMT Technicals: Chart, Performance Metrics, Trend & Indicators
35.06
+0.47 (+1.36%)
CALUMET INC / CLMT TA 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.
What is the RSI signal for CLMT stock?
CALUMET INC (CLMT) has an RSI value of 72.1346. This indicates that the stock is currently overbought.
What is the short term momentum for CALUMET INC (CLMT) stock?
The short term momentum for CALUMET INC (CLMT) is positive.
Can you provide the support and resistance levels for CALUMET INC?
CALUMET INC (CLMT) has a support level at 29.51. Check the full technical report for our detailed analysis of CLMT support and resistance levels.