CALEDONIA MINING CORP PLC (CMCL) Technical Analysis
NYSEARCA:CMCL • JE00BF0XVB15
Current stock price
CMCL Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CMCL. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When comparing the yearly performance of all stocks, we notice that CMCL is one of the better performing stocks in the market, outperforming 88% of all 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 46% 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 trading in the upper part of its 52 week range, so CMCL is lagging the market slightly.
- In the last month CMCL has a been trading in the 21.03 - 27.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CMCL Weekly and Daily overview Charts
CMCL Setup Rating and Analysis
Although the technical rating is only medium, CMCL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.56, a Stop Loss order could be placed below this zone.
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CMCL Support and Resistance Analysis
21.23
When analyzing the support we notice one important area.
- A support zone ranging from 21.44 to 21.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 23.68 to 23.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.51 from a trend line in the weekly time frame.
- Resistance @31.18 from a trend line in the daily time frame.
- Resistance @32.85 from a horizontal line in the daily time frame.
CMCL 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 | DOWN | NEGATIVE | The long term trend for CMCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMCL is down. |
| ChartMill Relative Strength | 88.82 | POSITIVE | CMCL has a high relative strength, it outperformed 88.82% 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) | DOWN | NEGATIVE | The current price of CMCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CMCL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.21 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CMCL has a positive trend. |
| Stochastics (14,3) | 41.14 | NEUTRAL | The Stochastics value for CMCL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.33 | POSITIVE | The high ADX value value for CMCL suggests a strong trend. |
CMCL Chart- and CandleStick Pattern Analysis
CMCL Technicals: Chart, Performance Metrics, Trend & Indicators
23.67
+0.14 (+0.59%)
CALEDONIA MINING CORP PLC / CMCL TA FAQ
What is the ChartMill technical rating of CALEDONIA MINING CORP PLC (CMCL) stock?
ChartMill assigns a technical rating of 4 / 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 CALEDONIA MINING CORP PLC (CMCL) stock?
CALEDONIA MINING CORP PLC (CMCL) has an RSI value of 44.2083. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CALEDONIA MINING CORP PLC?
The buy/sell signal for CALEDONIA MINING CORP PLC (CMCL) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CALEDONIA MINING CORP PLC?
CALEDONIA MINING CORP PLC (CMCL) has a support level at 21.56 and a resistance level at 23.68. Check the full technical report for our detailed analysis of CMCL support and resistance levels.