CAMBIUM NETWORKS CORP (CMBM) Technical Analysis
NASDAQ:CMBM • KYG177661090
Overall CMBM gets a technical rating of 1 out of 10. CMBM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- CMBM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMBM is lagging the market.
- When comparing the yearly performance of all stocks, we notice that CMBM is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- CMBM is an average performer in the Communications Equipment industry, it outperforms 53% of 48 stocks in the same industry.
- In the last month CMBM has a been trading in the 1.08 - 1.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CMBM does present a nice setup opportunity. Prices have been consolidating lately. 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
0.89
3 important support areas can be observed.
- Support @1.15 from a trend line in the daily time frame.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.26 to 1.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.32 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 | DOWN | NEGATIVE | The short term trend for CMBM is down. |
| ChartMill Relative Strength | 79.76 | POSITIVE | CMBM has a high relative strength, it outperformed 79.76% 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) | DOWN | NEGATIVE | The current price of CMBM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMBM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.43 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 59.31 | NEUTRAL | The Stochastics value for CMBM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.68 | HIGH VOLATILITY | The high ATR as a percentage value for CMBM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for CMBM suggests a weak or negative trend. |
CMBM Technicals: Chart, Performance Metrics, Trend & Indicators
1.17
-0.09 (-7.14%)
CAMBIUM NETWORKS CORP / CMBM FAQ
Can you provide the ChartMill technical rating for CAMBIUM NETWORKS CORP?
ChartMill assigns a technical rating of 1 / 10 to CMBM.
What is the trend direction for CMBM stock?
The current trend direction for CAMBIUM NETWORKS CORP (CMBM) is Bearish.
Can you provide the RSI signal for CAMBIUM NETWORKS CORP?
CAMBIUM NETWORKS CORP (CMBM) has an RSI value of 40.4317. This indicates that the stock is currently neutral.
What is the MACD signal for CAMBIUM NETWORKS CORP (CMBM) stock?
The MACD indicator for CAMBIUM NETWORKS CORP (CMBM) has a value of 0.01259, indicating a bearish trend.
What is the support and resistance level for CMBM stock?
CAMBIUM NETWORKS CORP (CMBM) has a support level at 1.15 and a resistance level at 1.22. Check the full technical report for our detailed analysis of CMBM support and resistance levels.