CALEDONIA MINING CORP PLC (CMCL) Stock Technical Analysis
NYSEARCA:CMCL - JE00BF0XVB15 - Common Stock
25.58 USD
+0.7 (+2.81%)
25.58 USD
0 (0%)
We assign a technical rating of 10 out of 10 to CMCL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMCL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CMCL is one of the better performing stocks in the market, outperforming 94% of all stocks.
CMCL is one of the better performing stocks in the Metals & Mining industry, it outperforms 76% of 156 stocks in the same industry.
CMCL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CMCL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, CMCL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for CMCL in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.67
25.84
When analyzing the support we can see 3 important areas.
- Support @24.38 from a horizontal line in the daily time frame.
- A support zone ranging from 21.80 to 21.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.87 from a trend 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 | UP | POSITIVE | The short term trend for CMCL is up. |
| ChartMill Relative Strength | 94.9 | POSITIVE | CMCL has a high relative strength, it outperformed 94.9% 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) | 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) | 60.09 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CMCL has a positive trend. |
| Stochastics (14,3) | 80.94 | OVERBOUGHT | The high Stochastics value suggests CMCL may be overbought. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for CMCL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 26.07 | 24.37 | 1.70 (6.52%) | 15.34% |
| An entry @26.07. This is a Buy Stop order right above the 10 day high. | An exit @24.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.70 points, which is 6.52%. | When investing 15.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
25.58
+0.7 (+2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.81%
1 Week-0.23%
2 Weeks10.83%
1 Month28.67%
3 Month49.59%
6 Month154.02%
12 Month97.07%
2 Year147.39%
3 Year176.54%
5 Year40.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%5.72%
ATR Inc-40.42%
Range Today1.08
ADR(20)1.42
ADR(20)%5.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.9
Mansfield6.18
10 Day High26.06
10 Day Low23.09
20 Day High26.06
20 Day Low20
52 Week High26.06
52 Week Low8.81
CS1 End24.38
CR1 StartN/A
Volume & EV
DER(3)4.25%
DER(5)-1.5%
Volume165.60K
Volume Incr-11.3%
Vol(5)161.64K
Vol(50)169.79K