CMB TECH NV (CMBT) Stock Technical Analysis
USA - NYSE:CMBT - BE0003816338 - Common Stock
9.63 USD
0 (0%)
9.66 USD
+0.03 (+0.31%)
Overall CMBT gets a technical rating of 5 out of 10. CMBT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
87% of all other stocks performed better in the past year than CMBT.
CMBT is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 75% are performing better than CMBT.
CMBT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CMBT has an average volume of 3037450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CMBT has a been trading in the 8.88 - 10.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CMBT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.46, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.78
10.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.28 to 9.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.00 to 9.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.56 from a trend line in the weekly time frame.
- Support @8.42 from a horizontal line in the weekly time frame.
- Support @7.86 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.74 to 10.03. 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 | 13.85 | NEGATIVE | CMBT has a low relative strength, it was outperformed by 86.15% 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) | DOWN | MIXED | The current price of CMBT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.41 | NEUTRAL | The RSI value for CMBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMBT has a positive trend. |
| Stochastics (14,3) | 63.73 | NEUTRAL | The Stochastics value for CMBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CMBT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.9 | NEGATIVE | The low ADX value for CMBT suggests a weak or negative 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)
9.63
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week4.67%
2 Weeks2.45%
1 Month4.67%
3 Month4.67%
6 Month6.17%
12 Month-41.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%3.83%
ATR Inc-10.12%
Range Today0.24
ADR(20)0.31
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.85
Mansfield-1.19
10 Day High9.91
10 Day Low8.88
20 Day High10.37
20 Day Low8.88
52 Week High16.36
52 Week Low7.65
CS1 End9.46
CR1 Start9.74
Volume & EV
DER(3)2.39%
DER(5)3.58%
Volume1.04M
Volume Incr-13.53%
Vol(5)2.13M
Vol(50)3.04M