Taking everything into account, CMCO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CMCO is a bad performer.
- 70% of all other stocks performed better in the past year than CMCO.
- CMCO is part of the Machinery industry. There are 132 other stocks in this industry, of which 64% are performing better than CMCO.
- Both the short term and long term trends are positive. This is a very positive sign.
- CMCO 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CMCO is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So CMCO is doing better than the market!
Besides having an excellent technical rating, CMCO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.11. Right above this resistance zone may be a good entry point.
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When analyzing the support we can see 6 important areas.
- A support zone ranging from 20.01 to 20.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.33 from a trend line in the daily time frame.
- Support @15.34 from a trend line in the weekly time frame.
- Support @14.65 from a trend line in the daily time frame.
- A support zone ranging from 14.33 to 14.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.11 to 21.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CMCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMCO is up. |
| ChartMill Relative Strength | 30.88 | NEUTRAL | CMCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.55 | NEUTRAL | The RSI value for CMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CMCO has a negative trend. |
| Stochastics (14,3) | 78.58 | NEUTRAL | The Stochastics value for CMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CMCO suggests some volalility. |
| Average Directional Index/ADX (14) | 38.17 | POSITIVE | The high ADX value value for CMCO suggests a strong trend. |
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 |
|---|---|---|---|
| 21.36 | 20.00 | 1.36 (6.37%) | 15.71% |
| An entry @21.36. This is a Buy Stop order right above the resistance zone. | An exit @20.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.36 points, which is 6.37%. | When investing 15.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.1
+0.02 (+0.09%)
COLUMBUS MCKINNON CORP/NY / CMCO FAQ
What is the technical rating for CMCO stock?
ChartMill assigns a technical rating of 7 / 10 to CMCO.
What is the trend direction for CMCO stock?
The current trend direction for COLUMBUS MCKINNON CORP/NY (CMCO) is Bullish.
What is the RSI signal for CMCO stock?
COLUMBUS MCKINNON CORP/NY (CMCO) has an RSI value of 64.5471. This indicates that the stock is currently neutral.
What is the buy/sell signal for COLUMBUS MCKINNON CORP/NY (CMCO) stock?
The buy/sell signal for COLUMBUS MCKINNON CORP/NY (CMCO) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for COLUMBUS MCKINNON CORP/NY (CMCO) stock?
COLUMBUS MCKINNON CORP/NY (CMCO) has a support level at 20.31 and a resistance level at 21.11. Check the full technical report for our detailed analysis of CMCO support and resistance levels.