We assign a technical rating of 8 out of 10 to CMCL. CMCL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
CMCL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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24.69
2 important support areas can be observed.
- A support zone ranging from 25.77 to 26.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.94 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.19 to 29.19. 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 CMCL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMCL is up. |
| ChartMill Relative Strength | 97.18 | POSITIVE | CMCL has a high relative strength, it outperformed 97.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMCL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CMCL is above a declining 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) | 60.63 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests CMCL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.72 | OVERBOUGHT | The high Stochastics value suggests CMCL may be overbought. |
| Average True Range in percent/ATR (20) | 5.26 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.5 | 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 |
|---|---|---|---|
| 29.20 | 25.67 | 3.53 (12.09%) | 8.27% |
| An entry @29.20. This is a Buy Stop order right above the resistance zone. | An exit @25.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.53 points, which is 12.09%. | When investing 8.27% 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.
29.18
+0.02 (+0.07%)
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 8 / 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 60.6288. 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 0.463952, 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 26.57 and a resistance level at 29.19. Check the full technical report for our detailed analysis of CMCL support and resistance levels.