Cannimed Therapeutics Inc (CMED.CA) Stock Technical Analysis
TSX:CMED - Toronto Stock Exchange -
Overall CMED gets a technical rating of 3 out of 10. 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.
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
13.77
37.02
When analyzing the support we notice one important area.
- Support @13.91 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- 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.
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. |
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)
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