CEMBRE SPA (CMB.MI) Stock Technical Analysis
BIT:CMB - Euronext Milan - IT0001128047 - Common Stock - Currency: EUR
We assign a technical rating of 10 out of 10 to CMB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMB is showing a nice and steady performance.
Besides having an excellent technical rating, CMB 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 58.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CMB 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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40.10
When analyzing the support we can see 6 important areas.
- A support zone ranging from 57.40 to 57.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.20 to 55.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.80 from a trend line in the weekly time frame.
- Support @44.39 from a trend line in the daily time frame.
- Support @42.60 from a horizontal line in the daily time frame.
- Strong support @40.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.33 to 58.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 CMB.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMB.MI is up. |
| ChartMill Relative Strength | 92.15 | POSITIVE | CMB.MI has a high relative strength, it outperformed 92.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMB.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMB.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMB.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.52 | NEUTRAL | The RSI value for CMB.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CMB.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.56 | NEUTRAL | The Stochastics value for CMB.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for CMB.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.16 | POSITIVE | The high ADX value value for CMB.MI 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 |
|---|---|---|---|
| 58.34 | 57.39 | 0.95 (1.63%) | 25.00% |
| An entry @58.34. This is a Buy Stop order right above the 10 day moving average. | An exit @57.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.95 points, which is 1.63%. | For a 0.41% 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 CMB. 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.
BIT:CMB (7/25/2025, 10:08:38 AM)
58.2
-0.4 (-0.68%)