CMB TECH NV (CMBT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CMBT • BE0003816338
We assign a technical rating of 9 out of 10 to CMBT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMBT is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- CMBT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 84% of 207 stocks in the same industry.
- CMBT is currently trading near its 52 week high. This is a good sign, definitely because the S&P500 Index is trading in the lower area of its yearly range.
- In the last month CMBT has a been trading in the 9.55 - 13.16 range, which is quite wide. It is currently trading near the high of this range.
- CMBT has an average volume of 2231460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CMBT is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- 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. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.74
6 important support areas can be observed.
- Support @12.38 from a trend line in the daily time frame.
- Support @11.35 from a horizontal line in the daily time frame.
- A support zone ranging from 9.73 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.52 from a horizontal line in the daily time frame.
- Support @9.20 from a horizontal line in the daily time frame.
- Support @8.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.05 to 13.05. 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 | UP | POSITIVE | The long term trend for CMBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMBT is up. |
| ChartMill Relative Strength | 86.74 | POSITIVE | CMBT has a high relative strength, it outperformed 86.74% off all stocks 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) | 75.5 | OVERBOUGHT | The high RSI value suggests CMBT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CMBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.89 | OVERBOUGHT | The high Stochastics value suggests CMBT may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CMBT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.52 | POSITIVE | The high ADX value value for CMBT suggests a strong trend. |
12.98
-0.06 (-0.46%)
CMB TECH NV / CMBT FAQ
What is the ChartMill technical rating of CMB TECH NV (CMBT) stock?
ChartMill assigns a technical rating of 9 / 10 to CMBT.
Can you provide the trend direction for CMB TECH NV?
The current trend direction for CMB TECH NV (CMBT) is Bullish.
What is the RSI signal for CMB TECH NV (CMBT) stock?
CMB TECH NV (CMBT) has an RSI value of 75.5017. 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.
What is the buy/sell signal for CMB TECH NV (CMBT) stock?
The buy/sell signal for CMB TECH NV (CMBT) is buy as both the short term and long term trends are positive.