CAMBIUM NETWORKS CORP (CMBM) Stock Technical Analysis
NASDAQ:CMBM - KYG177661090 - Common Stock
0.7597 USD
-0.03 (-3.46%)
0.7865 USD
+0.03 (+3.53%)
Taking everything into account, CMBM scores 7 out of 10 in our technical rating. In the last year, CMBM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
CMBM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, CMBM did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CMBM is part of the Communications Equipment industry. There are 48 other stocks in this industry, CMBM did better than 68% of them.
In the last month CMBM has a been trading in the 0.65 - 1.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CMBM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CMBM 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.
More info and screens
0.65
1.33
3 important support areas can be observed.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.68 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.77 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.81 from a trend line in the weekly time frame.
- Resistance @0.95 from a trend line in the weekly time frame.
- Resistance @1.32 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for CMBM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMBM is up. |
| ChartMill Relative Strength | 89.97 | POSITIVE | CMBM has a high relative strength, it outperformed 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMBM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMBM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CMBM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50 | NEUTRAL | The RSI value for CMBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CMBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.88 | NEUTRAL | The Stochastics value for CMBM is a neutral value. |
| Average True Range in percent/ATR (20) | 12.84 | HIGH VOLATILITY | The high ATR as a percentage value for CMBM suggests high volalility. |
| Average Directional Index/ADX (14) | 31.18 | POSITIVE | The high ADX value value for CMBM 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)
0.7597
-0.03 (-3.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.46%
1 Week-0.37%
2 Weeks8.68%
1 Month-3.16%
3 Month138.3%
6 Month-7.39%
12 Month-56.09%
2 Year-91.75%
3 Year-96.1%
5 Year-94.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%12.84%
ATR Inc-41.07%
Range Today0.05
ADR(20)0.1
ADR(20)%12.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.97
Mansfield-2.25
10 Day High0.86
10 Day Low0.65
20 Day High1.02
20 Day Low0.65
52 Week High2.08
52 Week Low0.23
CS1 End0.73
CR1 Start0.77
Volume & EV
DER(3)-0.99%
DER(5)5.13%
Volume79.60K
Volume Incr-38.03%
Vol(5)147.88K
Vol(50)796.81K