CELLNEX TELECOM SA (CLNX.MC) Stock Technical Analysis
BME:CLNX - Bolsa De Madrid - ES0105066007 - Common Stock - Currency: EUR
Overall CLNX gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CLNX is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month CLNX has a been trading in the 32.18 - 34.54 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CLNX outperforms 49% of them, which is more or less in line with the market.
CLNX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLNX is lagging the market slightly.
Although the technical rating is only medium, CLNX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 33.45, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.43
37.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.21 to 33.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.91 to 31.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 29.77 to 29.83. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 28.72 to 28.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 33.60 to 33.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @34.90 from a horizontal line in the daily time frame.
- A resistance zone ranging from 35.48 to 35.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.68 to 37.01. 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 CLNX.MC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLNX.MC is neutral. |
| ChartMill Relative Strength | 49.28 | NEUTRAL | CLNX.MC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLNX.MC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CLNX.MC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CLNX.MC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.29 | NEUTRAL | The RSI value for CLNX.MC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CLNX.MC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.53 | NEUTRAL | The Stochastics value for CLNX.MC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for CLNX.MC suggests low volalility. |
| Average Directional Index/ADX (14) | 11.65 | NEGATIVE | The low ADX value for CLNX.MC suggests a weak or negative 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 |
|---|---|---|---|
| 33.86 | 33.20 | 0.66 (1.95%) | 25.00% |
| An entry @33.86. This is a Buy Stop order right above the resistance zone. | An exit @33.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.66 points, which is 1.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of CLNX. 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.
BME:CLNX (6/6/2025, 5:29:57 PM)
33.59
-0.47 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.38%
1 Week-0.39%
2 Weeks0.9%
1 Month0.54%
3 Month5.46%
6 Month-1.15%
12 Month-0.12%
2 Year-9.19%
3 Year-9.29%
5 Year-38.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.96%
ATR Inc34.77%
Range Today0.79
ADR(20)0.66
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.28
Mansfield-0.38
10 Day High34.54
10 Day Low32.82
20 Day High34.54
20 Day Low32.18
52 Week High37.32
52 Week Low28.38
CS1 End33.45
CR1 Start33.6
Volume & EV
DER(3)0.49%
DER(5)-0.87%
Volume380.86K
Volume Incr-43.37%
Vol(5)390.44K
Vol(50)900.62K