CHEMOMAB THERAPEUTICS LTD (CMMB) Stock Technical Analysis
NASDAQ:CMMB - Nasdaq - US16385C1045 - ADR - Currency: USD
Overall CMMB gets a technical rating of 6 out of 10. In the past year, CMMB was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CMMB is part of the Biotechnology industry. There are 562 other stocks in this industry. CMMB outperforms 88% of them.
Looking at the yearly performance, CMMB did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CMMB 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 CMMB is lagging the market slightly.
In the last month CMMB has a been trading in the 1.14 - 1.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CMMB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.33, a Stop Loss order could be placed below this zone.
More info and screens
1.06
2.48
4 important support areas can be observed.
- A support zone ranging from 1.29 to 1.33. 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 1.21 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.11 from a trend line in the weekly time frame.
- Support @1.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.43 to 1.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.46 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 | NEUTRAL | NEUTRAL | The long term trend for CMMB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMMB is up. |
| ChartMill Relative Strength | 88.47 | POSITIVE | CMMB has a high relative strength, it outperformed 88.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CMMB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CMMB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for CMMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.19 | NEUTRAL | The Stochastics value for CMMB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for CMMB suggests high volalility. |
| Average Directional Index/ADX (14) | 11.67 | NEGATIVE | The low ADX value for CMMB suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 1.39 | 1.28 | 0.11 (7.91%) | 12.64% |
| An entry @1.39. This is a Buy Stop order right above the resistance zone. | An exit @1.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 7.91%. | For a 1.00% total portfolio risk, you can invest 12.64% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CMMB. 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.
1.365
+0 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.37%
1 Week-0.36%
2 Weeks8.33%
1 Month4.2%
3 Month-20.18%
6 Month-17.27%
12 Month56.9%
2 Year-13.06%
3 Year-55.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.05%
ATR Inc-35.97%
Range Today0.05
ADR(20)0.1
ADR(20)%7.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.47
Mansfield-0.81
10 Day High1.47
10 Day Low1.14
20 Day High1.47
20 Day Low1.14
52 Week High2.55
52 Week Low0.78
CS1 End1.33
CR1 Start1.37
Volume & EV
DER(3)-27.51%
DER(5)-15.7%
Volume137.90K
Volume Incr37.58%
Vol(5)141.62K
Vol(50)131.00K