CALEDONIA MINING CORP PLC (CMCL) Stock Technical Analysis
NYSEARCA:CMCL • JE00BF0XVB15
Taking everything into account, CMCL scores 9 out of 10 in our technical rating. In the last year, CMCL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, CMCL did better than 96% of all other stocks. On top of that, CMCL also shows a nice and consistent pattern of rising prices.
- CMCL is an average performer in the Metals & Mining industry, it outperforms 62% of 157 stocks in the same industry.
- 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 26.40 - 32.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CMCL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.42. Right above this resistance zone may be a good entry point.
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23.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 27.70 to 27.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.13 to 27.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @25.70 from a trend line in the daily time frame.
- Support @24.17 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.42 to 30.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.93 to 31.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.85 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 | UP | POSITIVE | The long term trend for CMCL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CMCL is neutral. |
| ChartMill Relative Strength | 96.04 | POSITIVE | CMCL has a high relative strength, it outperformed 96.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CMCL is below the rising 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) | 48.25 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CMCL has a negative trend. |
| Stochastics (14,3) | 37.08 | NEUTRAL | The Stochastics value for CMCL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 9.8 | 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 |
|---|---|---|---|
| 30.40 | 27.69 | 2.71 (8.91%) | 11.22% |
| An entry @30.40. This is a Buy Stop order right above the resistance zone. | An exit @27.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.71 points, which is 8.91%. | For a 1.00% total portfolio risk, you can invest 11.22% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CMCL. Please evaluate whether better entry and exit points can be found.
- 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.
28.31
+0.2 (+0.71%)
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 9 / 10 to CMCL.
What is the trend direction for CMCL stock?
The current trend direction for CALEDONIA MINING CORP PLC (CMCL) is Bullish.
What is the RSI signal for CMCL stock?
CALEDONIA MINING CORP PLC (CMCL) has an RSI value of 48.2526. 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 -0.171476, 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 27.94 and a resistance level at 29.42. Check the full technical report for our detailed analysis of CMCL support and resistance levels.