CAMBIUM NETWORKS CORP (CMBM) Stock Technical Analysis
NASDAQ:CMBM - Nasdaq - KYG177661090 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CMBM. In the past year, CMBM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CMBM is a bad performer in the overall market: 92% of all stocks are doing better.
CMBM is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 95% are performing better than CMBM.
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.
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.
In the last month CMBM has a been trading in the 0.32 - 0.47 range, which is quite wide. It is currently trading near the high of this range.
CMBM has an average volume of 2210060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CMBM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.32
0.46
3 important support areas can be observed.
- A support zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.34 from a trend line in the daily time frame.
- Support @0.32 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for CMBM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMBM is up. |
| ChartMill Relative Strength | 8.9 | NEGATIVE | CMBM has a low relative strength, it was outperformed by 91.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMBM is above the rising 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 | NEGATIVE | The current price of CMBM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.18 | NEUTRAL | The RSI value for CMBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMBM has a positive trend. |
| Stochastics (14,3) | 76.72 | NEUTRAL | The Stochastics value for CMBM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for CMBM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.32 | 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)
0.4508
+0.01 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.27%
1 Week6.32%
2 Weeks15.95%
1 Month26.66%
3 Month36.32%
6 Month-53.78%
12 Month-77.57%
2 Year-97.22%
3 Year-97.61%
5 Year-96.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%9.91%
ATR Inc21.88%
Range Today0.05
ADR(20)0.04
ADR(20)%9.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.9
Mansfield-6
10 Day High0.48
10 Day Low0.37
20 Day High0.48
20 Day Low0.32
52 Week High2.19
52 Week Low0.23
CS1 End0.39
CR1 StartN/A
Volume & EV
DER(3)0.85%
DER(5)-4.57%
Volume165.50K
Volume Incr-68.96%
Vol(5)311.70K
Vol(50)2.21M