CMB TECH NV (CMBT) Stock Technical Analysis
NYSE:CMBT - BE0003816338 - Common Stock
8.65 USD
+0.22 (+2.61%)
8.51 USD
-0.14 (-1.62%)
Taking everything into account, CMBT scores 0 out of 10 in our technical rating. CMBT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than CMBT.
CMBT is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 87% of 208 stocks in the same industry do better.
CMBT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CMBT has a been trading in the 7.78 - 9.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CMBT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.86, a Stop Loss order could be placed below this zone.
More info and screens
7.77
10.01
When analyzing the support we notice one important area.
- A support zone ranging from 7.85 to 7.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.00 to 9.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.34 from a horizontal line in the daily time frame.
- Resistance @9.64 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 9.86 to 9.91. This zone is formed by a combination of multiple trend lines 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 CMBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMBT is down. |
| ChartMill Relative Strength | 8.49 | NEGATIVE | CMBT has a low relative strength, it was outperformed by 91.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CMBT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.58 | NEUTRAL | The RSI value for CMBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CMBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.36 | NEUTRAL | The Stochastics value for CMBT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for CMBT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.09 | 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)
8.65
+0.22 (+2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.61%
1 Week-0.12%
2 Weeks-1.26%
1 Month-7.09%
3 Month-2.04%
6 Month-2.92%
12 Month-47.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%4.34%
ATR Inc2.49%
Range Today0.24
ADR(20)0.36
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.49
Mansfield-2.67
10 Day High9.01
10 Day Low7.78
20 Day High9.6
20 Day Low7.78
52 Week High17.6
52 Week Low7.65
CS1 End7.86
CR1 Start9
Volume & EV
DER(3)1.94%
DER(5)-0.9%
Volume7.41M
Volume Incr5747.52%
Vol(5)6.86M
Vol(50)777.79K