Cannimed Therapeutics Inc (CMED.CA) Technical Analysis
TSX:CMED
Current stock price
CMED.CA Technical Rating and Analysis
Taking everything into account, CMED scores 3 out of 10 in our technical rating. 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- CMED is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMED is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CMED.CA Weekly and Daily overview Charts
CMED.CA Setup Rating and Analysis
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.
More info and screens
CMED.CA Support and Resistance Analysis
13.77
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.
CMED.CA 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 | NEUTRAL | NEUTRAL | The long term trend for CMED.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMED.CA is down. |
| ChartMill Relative Strength | 91.46 | POSITIVE | CMED.CA has a high relative strength, it outperformed 91.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMED.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CMED.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMED.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.05 | NEUTRAL | The RSI value for CMED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests CMED.CA has a negative trend. |
| Stochastics (14,3) | 5.17 | OVERSOLD | The low Stochastics value suggests CMED.CA may be oversold. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for CMED.CA suggests high volalility. |
CMED.CA Chart- and CandleStick Pattern Analysis
CMED.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CMED (5/1/2018, 4:30:00 PM)
27
-1.5 (-5.26%)
Cannimed Therapeutics Inc / CMED.CA TA FAQ
What is the ChartMill technical rating of Cannimed Therapeutics Inc (CMED.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to CMED.CA.
What is the trend direction for CMED stock?
The current trend direction for Cannimed Therapeutics Inc (CMED.CA) is Bearish.
What is the RSI signal for CMED stock?
Cannimed Therapeutics Inc (CMED.CA) has an RSI value of 33.0481. This indicates that the stock is currently neutral.
What is the short term momentum for Cannimed Therapeutics Inc (CMED.CA) stock?
The short term momentum for Cannimed Therapeutics Inc (CMED.CA) is negative.