CMB TECH NV (CMBT) Technical Analysis
NYSE:CMBT • BE0003816338
Current stock price
CMBT Technical Rating and Analysis
Overall CMBT gets a technical rating of 8 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CMBT did better than 79% of all other stocks.
- 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 12.29 - 13.80 range, which is quite wide. It is currently trading near the high of this range.
- CMBT has an average volume of 1733100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CMBT is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, CMBT did better than 46% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CMBT Weekly and Daily overview Charts
CMBT Setup Rating and Analysis
CMBT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.23, 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.
More info and screens
CMBT Support and Resistance Analysis
8.93
6 important support areas can be observed.
- A support zone ranging from 13.04 to 13.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.44 from a trend line in the daily time frame.
- A support zone ranging from 11.90 to 12.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.38 from a trend line in the weekly time frame.
- Support @9.20 from a horizontal line in the daily time frame.
- Support @9.02 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @14.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.82 to 14.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
CMBT Technical Indicator Signal Analysis
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 | 79.05 | POSITIVE | CMBT has a high relative strength, it outperformed 79.05% 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) | 61.94 | NEUTRAL | The RSI value for CMBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CMBT has a positive trend. |
| Stochastics (14,3) | 93.15 | OVERBOUGHT | The high Stochastics value suggests CMBT may be overbought. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CMBT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.34 | NEGATIVE | The low ADX value for CMBT suggests a weak or negative trend. |
CMBT Chart- and CandleStick Pattern Analysis
CMBT Example Setup
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 |
|---|---|---|---|
| 14.52 | 13.03 | 1.49 (10.26%) | 9.74% |
| An entry @14.52. This is a Buy Stop order right above the resistance zone. | An exit @13.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.49 points, which is 10.26%. | When investing 9.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CMBT Technicals: Chart, Performance Metrics, Trend & Indicators
13.73
-0.04 (-0.29%)
CMB TECH NV / CMBT TA FAQ
What is the ChartMill technical rating of CMB TECH NV (CMBT) stock?
ChartMill assigns a technical rating of 8 / 10 to CMBT.
Can you provide the trend direction for CMB TECH NV?
The current trend direction for CMB TECH NV (CMBT) is Bullish.
Can you provide the RSI signal for CMB TECH NV?
CMB TECH NV (CMBT) has an RSI value of 61.9419. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CMB TECH NV?
The MACD indicator for CMB TECH NV (CMBT) has a value of 0.0912528, indicating a bearish trend.
Can you provide the short term momentum for CMB TECH NV?
The short term momentum for CMB TECH NV (CMBT) is positive.