CMB TECH NV (CMBT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CMBT • BE0003816338
Taking everything into account, CMBT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CMBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- CMBT is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. CMBT outperforms 80% of them.
- CMBT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CMBT has a been trading in the 11.16 - 13.16 range, which is quite wide. It is currently trading near the high of this range.
- CMBT has an average volume of 2045370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CMBT did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CMBT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 12.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CMBT 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.
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8.75
We found 6 important support areas.
- A support zone ranging from 12.40 to 12.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.05 to 12.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.79 to 9.92. 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 @8.84 from a trend line in the weekly time frame.
We found 1 important resistance 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 | 85.21 | POSITIVE | CMBT has a high relative strength, it outperformed 85.21% 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) | 64.06 | 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. |
| Stochastics (14,3) | 69.9 | NEUTRAL | The Stochastics value for CMBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CMBT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.64 | POSITIVE | The high ADX value value for CMBT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.06 | 12.39 | 0.67 (5.13%) | 19.49% |
| An entry @13.06. This is a Buy Stop order right above the resistance zone. | An exit @12.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.67 points, which is 5.13%. | For a 1.00% total portfolio risk, you can invest 19.49% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.68
+0.03 (+0.24%)
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 64.0645. This indicates that the stock is currently neutral.
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.