COMAL SPA (CML.MI) Stock Technical Analysis
BIT:CML • IT0005428971
Taking everything into account, CML scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CML has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CML did better than 95% of all other stocks. We also observe that the gains produced by CML over the past year are nicely spread over this period.
- CML is part of the Electrical Equipment industry. There are 69 other stocks in this industry. CML outperforms 86% of them.
- CML is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CML is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CML has an excellent technical rating, but the quality of the setup is only medium 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
3.03
We found 4 important support areas.
- A support zone ranging from 4.77 to 4.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.20 to 4.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.15 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.09 to 5.09. 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 CML.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CML.MI is up. |
| ChartMill Relative Strength | 95.26 | POSITIVE | CML.MI has a high relative strength, it outperformed 95.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CML.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CML.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CML.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.84 | OVERBOUGHT | The high RSI value suggests CML.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CML.MI has a negative trend. |
| Stochastics (14,3) | 93.75 | OVERBOUGHT | The high Stochastics value suggests CML.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for CML.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 44.73 | POSITIVE | The high ADX value value for CML.MI suggests a strong trend. |
BIT:CML (3/17/2025, 7:00:00 PM)
5.08
0 (0%)
COMAL SPA / CML.MI FAQ
Can you provide the ChartMill technical rating for COMAL SPA?
ChartMill assigns a technical rating of 10 / 10 to CML.MI.
What is the current trend direction of COMAL SPA (CML.MI) stock?
The current trend direction for COMAL SPA (CML.MI) is Bullish.
What is the RSI signal for COMAL SPA (CML.MI) stock?
COMAL SPA (CML.MI) has an RSI value of 79.8407. This indicates that the stock is currently overbought.
What is the short term momentum for CML stock?
The short term momentum for COMAL SPA (CML.MI) is positive.
What is the support and resistance level for CML stock?
COMAL SPA (CML.MI) has a support level at 4.77 and a resistance level at 5.09. Check the full technical report for our detailed analysis of CML.MI support and resistance levels.