We assign a technical rating of 7 out of 10 to CMCO. Although CMCO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CMCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.24, a Stop Loss order could be placed below this zone.
More info and screens
13.66
We found 5 important support areas.
- A support zone ranging from 17.24 to 17.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.06 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 @13.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.83 to 18.23. 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 | 17.62 | NEGATIVE | CMCO has a low relative strength, it was outperformed by 82.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CMCO is below 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) | DOWN | MIXED | The current price of CMCO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.07 | NEUTRAL | The RSI value for CMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CMCO has a negative trend. |
| Stochastics (14,3) | 48.93 | NEUTRAL | The Stochastics value for CMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for CMCO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.43 | 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 |
|---|---|---|---|
| 17.54 | 17.23 | 0.31 (1.75%) | 25.00% |
| An entry @17.54. This is a Buy Stop order right above the 10 day moving average. | An exit @17.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.31 points, which is 1.75%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CMCO. 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.
17.25
-0.39 (-2.21%)
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 53.0698. 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 17.24 and a resistance level at 17.83. Check the full technical report for our detailed analysis of CMCO support and resistance levels.