Cantel Medical (CMD) Stock Technical Analysis
USA - NYSEARCA:CMD -
Taking everything into account, CMD scores 5 out of 10 in our technical rating. CMD was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, CMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
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64.84
3 important support areas can be observed.
- Support @74.28 from a horizontal line in the weekly time frame.
- Support @73.00 from a horizontal line in the daily time frame.
- Support @65.49 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 81.31 to 81.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 89.16 to 89.66. 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 CMD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMD is down. |
| ChartMill Relative Strength | 70.58 | POSITIVE | CMD has a high relative strength, it outperformed 70.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CMD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.33 | NEUTRAL | The RSI value for CMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests CMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.27 | OVERSOLD | The low Stochastics value suggests CMD may be oversold. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for CMD suggests low volalility. |
80.37
-0.96 (-1.18%)
Cantel Medical / CMD FAQ
What is the technical rating for CMD stock?
ChartMill assigns a technical rating of 5 / 10 to CMD.
What is the current trend direction of Cantel Medical (CMD) stock?
The current trend direction for Cantel Medical (CMD) is Bullish.
What is the RSI signal for Cantel Medical (CMD) stock?
Cantel Medical (CMD) has an RSI value of 34.3262. This indicates that the stock is currently neutral.
What is the MACD signal for Cantel Medical (CMD) stock?
The MACD indicator for Cantel Medical (CMD) has a value of -0.354018, indicating a bearish trend.
What are the support and resistance levels for Cantel Medical (CMD) stock?
Cantel Medical (CMD) has a support level at 74.28 and a resistance level at 81.31. Check the full technical report for our detailed analysis of CMD support and resistance levels.