CALEDONIA MINING CORP PLC (CMCL) Stock Technical Analysis
USA - NYSEARCA:CMCL - JE00BF0XVB15 - Common Stock
We assign a technical rating of 6 out of 10 to CMCL. In the last year, CMCL was one of the better performers, but we do observe some doubts in the very recent evolution.
CMCL has an average technical rating and also 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.
More info and screens
26.24
When analyzing the support we notice one important area.
- Support @26.50 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 | DOWN | NEGATIVE | The short term trend for CMCL is down. |
| ChartMill Relative Strength | 92.94 | POSITIVE | CMCL has a high relative strength, it outperformed 92.94% 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 | MIXED | The current price of CMCL is below 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) | 35.38 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests CMCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.36 | OVERSOLD | The low Stochastics value suggests CMCL may be oversold. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 36.04 | POSITIVE | The high ADX value value for CMCL suggests a strong trend. |
27.33
+0.83 (+3.13%)
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 current trend direction of CALEDONIA MINING CORP PLC (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 35.3793. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CALEDONIA MINING CORP PLC?
The short term momentum for CALEDONIA MINING CORP PLC (CMCL) is negative.
What is the buy/sell signal for CMCL stock?
The buy/sell signal for CALEDONIA MINING CORP PLC (CMCL) is hold as the short term and long term trends are mixed.