CMB TECH NV (CMBT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMBT - BE0003816338 - Common Stock
11.4 USD
+0.12 (+1.06%)
11.41 USD
+0.01 (+0.09%)
We assign a technical rating of 7 out of 10 to CMBT. CMBT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CMBT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 79% of 208 stocks in the same industry.
CMBT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CMBT is lagging the market slightly.
In the last month CMBT has a been trading in the 9.37 - 11.41 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CMBT has an average volume of 2252980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CMBT outperforms 69% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CMBT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.67
11.52
We found 4 important support areas.
- A support zone ranging from 9.87 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.48 to 9.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.20 from a horizontal line in the daily time frame.
- Support @8.76 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.41 to 11.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CMBT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMBT is up. |
| ChartMill Relative Strength | 69.79 | NEUTRAL | CMBT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.19 | OVERBOUGHT | The high RSI value suggests CMBT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests CMBT has a positive trend. |
| Stochastics (14,3) | 97.22 | OVERBOUGHT | The high Stochastics value suggests CMBT may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CMBT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.76 | NEUTRAL | The ADX value for CMBT suggests a possible start of a new 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)
11.4
+0.12 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.06%
1 Week20.51%
2 Weeks18.87%
1 Month13.89%
3 Month23.91%
6 Month18.38%
12 Month3.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.76%
ATR Inc69.6%
Range Today0.28
ADR(20)0.27
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.79
3 months CRS90.25
6 months CRS80.05
Mansfield0.69
10 Day High11.42
10 Day Low9.37
20 Day High11.42
20 Day Low9.37
52 Week High12
52 Week Low7.65
CS1 End10.07
CR1 Start11.41
Volume & EV
DER(3)4.83%
DER(5)2.17%
Volume3.84M
Volume Incr152.83%
Vol(5)3.78M
Vol(50)2.25M
CMB TECH NV / CMBT FAQ
What is the ChartMill technical rating of CMB TECH NV (CMBT) stock?
ChartMill assigns a technical rating of 7 / 10 to CMBT.
Can you provide the trend direction for CMB TECH NV?
The current trend direction for CMB TECH NV (CMBT) is Bearish.
What is the RSI signal for CMB TECH NV (CMBT) stock?
CMB TECH NV (CMBT) has an RSI value of 72.1881. This indicates that the stock is currently overbought.
What is the short term momentum for CMB TECH NV (CMBT) stock?
The short term momentum for CMB TECH NV (CMBT) is positive.