Copper Mountain Mining Corporation (CMMC.CA) Stock Technical Analysis
TSX:CMMC - Toronto Stock Exchange - CA21750U1012 - Common Stock - Currency: CAD
Overall CMMC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CMMC 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, CMMC did better than 94% of all other stocks.
CMMC is one of the better performing stocks in the Metals & Mining industry, it outperforms 86% of 807 stocks in the same industry.
CMMC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CMMC is lagging the market slightly.
CMMC has an average volume of 1451990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CMMC has a been trading in the 2.12 - 2.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CMMC has an excellent technical rating, the quality of the presented setup is not ideal 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
1.69
2.65
When analyzing the support we can see 7 important areas.
- A support zone ranging from 2.46 to 2.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.32 from a trend line in the daily time frame.
- Support @2.25 from a horizontal line in the weekly time frame.
- Support @2.18 from a horizontal line in the daily time frame.
- A support zone ranging from 2.00 to 2.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.75 from a horizontal line in the daily time frame.
- Support @1.71 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.62 from a horizontal 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 | UP | POSITIVE | The long term trend for CMMC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMMC.CA is up. |
| ChartMill Relative Strength | 94.52 | POSITIVE | CMMC.CA has a high relative strength, it outperformed 94.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMMC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMMC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMMC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.56 | NEUTRAL | The RSI value for CMMC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CMMC.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.98 | NEUTRAL | The Stochastics value for CMMC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CMMC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for CMMC.CA 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)
Copper Mountain Mining Corporation
TSX:CMMC (6/21/2023, 7:00:00 PM)
2.49
-0.03 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.19%
1 Week-1.19%
2 Weeks4.62%
1 Month10.67%
3 Month37.57%
6 Month35.33%
12 Month35.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.74%
ATR Inc16.25%
Range Today0.09
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
CRS94.52
Mansfield1.77
10 Day High2.67
10 Day Low2.31
20 Day High2.67
20 Day Low2.12
52 Week High2.78
52 Week Low1.23
CS1 End2.47
CR1 Start2.62
Volume & EV
DER(3)-3.95%
DER(5)-0.39%
Volume1.60M
Volume Incr20.44%
Vol(5)1.36M
Vol(50)1.45M