CALUMET INC (CLMT) Technical Analysis
NASDAQ:CLMT • US1314281049
Current stock price
CLMT Technical Rating and Analysis
Overall CLMT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CLMT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CLMT is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by CLMT over the past year are nicely spread over this period.
- CLMT is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. CLMT outperforms 95% of them.
- CLMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CLMT is lagging the market slightly.
- CLMT has an average volume of 1332240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CLMT has a been trading in the 29.81 - 36.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CLMT Weekly and Daily overview Charts
CLMT Setup Rating and Analysis
Although CLMT has an excellent technical rating, it does not present a decent entry opportunity 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.
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CLMT Support and Resistance Analysis
24.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.50 to 31.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.83 from a trend line in the daily 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 | 97.06 | POSITIVE | CLMT has a high relative strength, it outperformed 97.06% off all stocks 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) | 59.49 | NEUTRAL | The RSI value for CLMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests CLMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.91 | NEUTRAL | The Stochastics value for CLMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.34 | NEGATIVE | The low ADX value for CLMT suggests a weak or negative trend. |
CLMT Chart- and CandleStick Pattern Analysis
CLMT Technicals: Chart, Performance Metrics, Trend & Indicators
33.68
+0.96 (+2.93%)
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 59.4858. This indicates that the stock is currently neutral.
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 31.02. Check the full technical report for our detailed analysis of CLMT support and resistance levels.