Taking everything into account, CMCL scores 4 out of 10 in our technical rating. 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.
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
23.90
We found 1 important support area.
- A support zone ranging from 24.14 to 24.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @28.80 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 | NEUTRAL | NEUTRAL | The long term trend for CMCL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMCL is down. |
| ChartMill Relative Strength | 94.3 | POSITIVE | CMCL has a high relative strength, it outperformed 94.3% 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 | POSITIVE | The current price of CMCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.97 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CMCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.06 | NEUTRAL | The Stochastics value for CMCL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.41 | POSITIVE | The high ADX value value for CMCL suggests a strong trend. |
25.58
+1.11 (+4.54%)
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 4 / 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 Bearish.
What is the RSI signal for CMCL stock?
CALEDONIA MINING CORP PLC (CMCL) has an RSI value of 42.9666. 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.