COLUMBUS MCKINNON CORP/NY (CMCO) Technical Analysis
NASDAQ:CMCO • US1993331057
Current stock price
CMCO Technical Rating and Analysis
Taking everything into account, CMCO scores 1 out of 10 in our technical rating. CMCO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 78% of all other stocks performed better in the past year than CMCO.
- CMCO is part of the Machinery industry. There are 131 other stocks in this industry, of which 72% are performing better than CMCO.
- CMCO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CMCO has a been trading in the 13.54 - 16.42 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
CMCO Weekly and Daily overview Charts
CMCO Setup Rating and Analysis
CMCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 16.10. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CMCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
CMCO Support and Resistance Analysis
13.44
3 important support areas can be observed.
- A support zone ranging from 15.72 to 15.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.88 to 13.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.58 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.10 to 16.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.70 from a trend line in the weekly time frame.
CMCO 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 | DOWN | NEGATIVE | The long term trend for CMCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CMCO is neutral. |
| ChartMill Relative Strength | 22.03 | NEGATIVE | CMCO has a low relative strength, it was outperformed by 77.97% off all stocks 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) | DOWN | NEGATIVE | The current price of CMCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.96 | NEUTRAL | The RSI value for CMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CMCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests CMCO may be overbought. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CMCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for CMCO suggests a weak or negative trend. |
CMCO Chart- and CandleStick Pattern Analysis
CMCO Technicals: Chart, Performance Metrics, Trend & Indicators
16.09
+0.21 (+1.32%)
COLUMBUS MCKINNON CORP/NY / CMCO TA FAQ
What is the technical rating for CMCO stock?
ChartMill assigns a technical rating of 1 / 10 to CMCO.
What is the trend direction for CMCO stock?
The current trend direction for COLUMBUS MCKINNON CORP/NY (CMCO) is Bearish.
Can you provide the RSI signal for COLUMBUS MCKINNON CORP/NY?
COLUMBUS MCKINNON CORP/NY (CMCO) has an RSI value of 54.9558. This indicates that the stock is currently neutral.
What is the short term momentum for CMCO stock?
The short term momentum for COLUMBUS MCKINNON CORP/NY (CMCO) is neutral.