CAMBIUM NETWORKS CORP (CMBM) Stock Technical Analysis
NASDAQ:CMBM - Nasdaq - KYG177661090 - Common Stock - Currency: USD
Overall CMBM gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CMBM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CMBM has an average volume of 2788990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CMBM did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CMBM is an average performer in the Communications Equipment industry, it outperforms 48% of 48 stocks in the same industry.
CMBM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMBM is lagging the market.
In the last month CMBM has a been trading in the 0.44 - 1.49 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. There is a resistance zone just above the current price starting at 0.88. Right above this resistance zone may be a good entry point.
More info and screens
0.77
1.35
When analyzing the support we can see 2 important areas.
- Support @0.85 from a trend line in the daily time frame.
- A support zone ranging from 0.78 to 0.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.88 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.01 from a trend line in the weekly time frame.
- Resistance @1.34 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 | UP | POSITIVE | The long term trend for CMBM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMBM is up. |
| ChartMill Relative Strength | 82.15 | POSITIVE | CMBM has a high relative strength, it outperformed 82.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CMBM is below 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 | MIXED | The current price of CMBM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for CMBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CMBM has a negative trend. |
| Stochastics (14,3) | 24.06 | NEUTRAL | The Stochastics value for CMBM is a neutral value. |
| Average True Range in percent/ATR (20) | 21.08 | HIGH VOLATILITY | The high ATR as a percentage value for CMBM suggests high volalility. |
| Average Directional Index/ADX (14) | 49.7 | 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)
0.8776
-0.07 (-7.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-7.23%
1 Week11.87%
2 Weeks-6.64%
1 Month94.68%
3 Month95.59%
6 Month-41.49%
12 Month-48.38%
2 Year-90.47%
3 Year-95.49%
5 Year-93.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%21.08%
ATR Inc-35.61%
Range Today0.08
ADR(20)0.18
ADR(20)%20.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.15
Mansfield-1.6
10 Day High1.02
10 Day Low0.74
20 Day High1.49
20 Day Low0.44
52 Week High2.08
52 Week Low0.23
CS1 End0.85
CR1 Start0.88
Volume & EV
DER(3)-17.95%
DER(5)-12%
Volume136.80K
Volume Incr-77.44%
Vol(5)345.94K
Vol(50)2.79M