Taking everything into account, CMCL scores 6 out of 10 in our technical rating. Although CMCL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that CMCL is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, CMCL also shows a nice and consistent pattern of rising prices.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CMCL is part of the Metals & Mining industry. There are 157 other stocks in this industry, CMCL did better than 67% of them.
- CMCL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMCL is lagging the market.
- In the last month CMCL has a been trading in the 25.50 - 34.00 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, CMCL 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 31.40. Right above this resistance zone may be a good entry point.
More info and screens
25.13
We found 3 important support areas.
- Support @27.06 from a trend line in the weekly time frame.
- A support zone ranging from 26.32 to 26.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.38 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.40 to 31.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.33 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for CMCL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CMCL is neutral. |
| ChartMill Relative Strength | 96.88 | POSITIVE | CMCL has a high relative strength, it outperformed 96.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMCL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.94 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests CMCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.12 | NEUTRAL | The Stochastics value for CMCL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.65 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.76 | NEGATIVE | The low ADX value for CMCL suggests a weak or negative 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 |
|---|---|---|---|
| 31.50 | 27.05 | 4.45 (14.13%) | 7.08% |
| An entry @31.50. This is a Buy Stop order right above the resistance zone. | An exit @27.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.45 points, which is 14.13%. | For a 1.00% total portfolio risk, you can invest 7.08% 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.
28.46
+1.93 (+7.27%)
CALEDONIA MINING CORP PLC / CMCL FAQ
What is the ChartMill technical rating of CALEDONIA MINING CORP PLC (CMCL) stock?
ChartMill assigns a technical rating of 6 / 10 to CMCL.
What is the trend direction for CMCL stock?
The current trend direction for CALEDONIA MINING CORP PLC (CMCL) is Bearish.
What is the RSI signal for CMCL stock?
CALEDONIA MINING CORP PLC (CMCL) has an RSI value of 48.9412. This indicates that the stock is currently neutral.
What is the MACD signal for CALEDONIA MINING CORP PLC (CMCL) stock?
The MACD indicator for CALEDONIA MINING CORP PLC (CMCL) has a value of -0.383076, indicating a bearish trend.
What are the support and resistance levels for CALEDONIA MINING CORP PLC (CMCL) stock?
CALEDONIA MINING CORP PLC (CMCL) has a support level at 27.06 and a resistance level at 31.4. Check the full technical report for our detailed analysis of CMCL support and resistance levels.