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Cannimed Therapeutics Inc (CMED.CA) Stock Technical Analysis

TSX:CMED - Toronto Stock Exchange -

27  -1.5 (-5.26%)

Technical Rating and Analysis

3

We assign a technical rating of 3 out of 10 to CMED. Although CMED is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month CMED has a been trading in the 27.00 - 35.38 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, CMED did better than 91% of all other stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CMED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMED is lagging the market.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
Cannimed Therapeutics Inc / CMED Weekly stock chart
Cannimed Therapeutics Inc / CMED Daily stock chart
Setup Rating and Analysis

2

The technical rating of CMED is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

13.77

37.02

We found 1 important support area.

  • Support @13.91 from a trend line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 27.01 to 27.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @32.56 from a trend line in the daily time frame.
  • Resistance @33.22 from a trend line in the daily time frame.
  • Resistance @36.65 from a trend line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for CMED.CA is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for CMED.CA is down.
ChartMill Relative Strength91.46POSITIVECMED.CA has a high relative strength, it outperformed 91.46% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CMED.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of CMED.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of CMED.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)33.05NEUTRALThe RSI value for CMED.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.39NEGATIVEThe MACD value suggests CMED.CA has a negative trend.
Stochastics (14,3)5.17OVERSOLDThe low Stochastics value suggests CMED.CA may be oversold.
Average True Range in percent/ATR (20)7.47HIGH VOLATILITYThe high ATR as a percentage value for CMED.CA suggests high volalility.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Cannimed Therapeutics Inc / CMED Daily stock chart

Cannimed Therapeutics Inc

TSX:CMED (5/1/2018, 4:30:00 PM)

27

-1.5 (-5.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.26%
1 Week-15.36%
2 Weeks-19.48%
1 Month-17.13%
3 Month2.08%
6 Month109.79%
12 Month138.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.88
ATR(20)%7.47%
ATR Inc8.85%
Range Today1.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.46
Mansfield3.91
10 Day High34.14
10 Day Low27
20 Day High35.38
20 Day Low27
52 Week High46
52 Week Low7.32
CS1 End13.91
CR1 Start27.01
Volume & EV
DER(3)-17.62%
DER(5)-14.15%
Volume52.21K
Volume Incr-8.08%
Vol(5)48.30K
Vol(50)174.74K