CALEDONIA MINING CORP PLC (CMCL) Technical Analysis
NYSEARCA:CMCL • JE00BF0XVB15
Current stock price
CMCL Technical Rating and Analysis
Overall CMCL gets a technical rating of 4 out of 10. 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.
- In the last month CMCL has a been trading in the 24.51 - 33.00 range, which is quite wide. It is currently trading near the lows of this range.
- 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. We also observe that the gains produced by CMCL over the past year are nicely spread over this period.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- CMCL is part of the Metals & Mining industry. There are 157 other stocks in this industry, CMCL did better than 67% of them.
- 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.
- Considerably lower volume is observed in the last couple of days.
CMCL Weekly and Daily overview Charts
CMCL Setup Rating and Analysis
CMCL has an average technical rating and it also does not offer a high quality setup 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
CMCL Support and Resistance Analysis
23.48
2 important support areas can be observed.
- Support @24.17 from a horizontal line in the weekly time frame.
- Support @23.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @31.97 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 | 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 | 94.7 | POSITIVE | CMCL has a high relative strength, it outperformed 94.7% 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) | 36.71 | NEUTRAL | The RSI value for CMCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests CMCL has a negative trend. |
| Stochastics (14,3) | 15.51 | OVERSOLD | The low Stochastics value suggests CMCL may be oversold. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for CMCL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for CMCL suggests a weak or negative trend. |
CMCL Chart- and CandleStick Pattern Analysis
CMCL Technicals: Chart, Performance Metrics, Trend & Indicators
25.23
-0.78 (-3%)
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 CMCL stock?
CALEDONIA MINING CORP PLC (CMCL) has an RSI value of 36.7053. 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 -0.553568, 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 24.17 and a resistance level at 31.97. Check the full technical report for our detailed analysis of CMCL support and resistance levels.