CALUMET INC (CLMT) Stock Technical Analysis
USA - NASDAQ:CLMT - US1314281049 - Common Stock
18.51 USD
-0.15 (-0.8%)
18.51 USD
0 (0%)
We assign a technical rating of 8 out of 10 to CLMT. Although CLMT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CLMT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 74% of 210 stocks in the same industry.
CLMT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that CLMT is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CLMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLMT is lagging the market.
Besides having an excellent technical rating, CLMT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 18.50, a Stop Loss order could be placed below this zone.
More info and screens
13.04
19.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.25 to 18.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.82 from a trend line in the weekly time frame.
- Support @14.45 from a trend line in the daily time frame.
- Support @13.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @18.52 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 19.14 to 19.26. This zone is formed by a combination of multiple trend lines in the daily 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 | 71.44 | POSITIVE | CLMT has a high relative strength, it outperformed 71.44% 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) | DOWN | MIXED | The current price of CLMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.56 | NEUTRAL | The RSI value for CLMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CLMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.87 | NEUTRAL | The Stochastics value for CLMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.12 | POSITIVE | The high ADX value value for CLMT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 18.53 | 18.24 | 0.29 (1.57%) | 25.00% |
| An entry @18.53. This is a Buy Stop order right above the resistance zone. | An exit @18.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 1.57%. | For a 0.39% 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.
18.51
-0.15 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.8%
1 Week-3.89%
2 Weeks4.16%
1 Month12.87%
3 Month19.19%
6 Month40.65%
12 Month5.65%
2 Year-3.09%
3 Year44.5%
5 Year625.88%
10 Year-23.76%
15 Year-6.14%
Volatility
ATR(14)0.87
ATR(20)%4.37%
ATR Inc-23.54%
Range Today0.7
ADR(20)0.81
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.44
Mansfield0.02
10 Day High19.56
10 Day Low17.08
20 Day High19.56
20 Day Low15.35
52 Week High25.29
52 Week Low7.68
CS1 End18.5
CR1 Start18.52
Volume & EV
DER(3)-1.13%
DER(5)-2.64%
Volume814.60K
Volume Incr26.27%
Vol(5)1.10M
Vol(50)847.07K