COSTAMARE BULKERS HOLDING (CMDB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMDB - MHY2001C1012 - Common Stock
We assign a technical rating of 7 out of 10 to CMDB. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CMDB is a bad performer.
CMDB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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12.43
4 important support areas can be observed.
- Support @16.10 from a horizontal line in the daily time frame.
- A support zone ranging from 13.74 to 14.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.14 from a trend line in the daily time frame.
- Support @12.56 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @17.24 from a horizontal line in the daily time frame.
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 CMDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMDB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CMDB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMDB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMDB is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 69.7 | NEUTRAL | The RSI value for CMDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CMDB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.73 | OVERBOUGHT | The high Stochastics value suggests CMDB may be overbought. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CMDB suggests some volalility. |
| Average Directional Index/ADX (14) | 46.98 | POSITIVE | The high ADX value value for CMDB 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 |
|---|---|---|---|
| 17.25 | 16.09 | 1.16 (6.72%) | 14.87% |
| An entry @17.25. This is a Buy Stop order right above the resistance zone. | An exit @16.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.16 points, which is 6.72%. | For a 1.00% total portfolio risk, you can invest 14.87% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CMDB. 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.
16.77
-0.2 (-1.18%)
COSTAMARE BULKERS HOLDING / CMDB FAQ
What is the technical rating for CMDB stock?
ChartMill assigns a technical rating of 7 / 10 to CMDB.
What is the current trend direction of COSTAMARE BULKERS HOLDING (CMDB) stock?
The current trend direction for COSTAMARE BULKERS HOLDING (CMDB) is Bullish.
What is the RSI signal for CMDB stock?
COSTAMARE BULKERS HOLDING (CMDB) has an RSI value of 69.7014. This indicates that the stock is currently neutral.
What is the short term momentum for COSTAMARE BULKERS HOLDING (CMDB) stock?
The short term momentum for COSTAMARE BULKERS HOLDING (CMDB) is positive.
Can you provide the buy/sell signal for COSTAMARE BULKERS HOLDING?
The buy/sell signal for COSTAMARE BULKERS HOLDING (CMDB) is buy as both the short term and long term trends are positive.