Taking everything into account, CLMT scores 6 out of 10 in our technical rating. 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.
Although the technical rating is only medium, CLMT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 19.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CLMT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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We found 3 important support areas.
- A support zone ranging from 18.22 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.64 to 16.75. 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.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.69 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 | 55.28 | 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) | 54.8 | NEUTRAL | The RSI value for CLMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.16 | NEUTRAL | The Stochastics value for CLMT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for CLMT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.52 | 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 |
|---|---|---|---|
| 19.70 | 18.21 | 1.49 (7.56%) | 13.22% |
| An entry @19.70. This is a Buy Stop order right above the resistance zone. | An exit @18.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.49 points, which is 7.56%. | When investing 13.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
19.3
+0.27 (+1.42%)
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 54.7968. 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 -0.00286327, indicating a bearish trend.
What is the support and resistance level for CLMT stock?
CALUMET INC (CLMT) has a support level at 19.05 and a resistance level at 19.69. Check the full technical report for our detailed analysis of CLMT support and resistance levels.