INVESCO BLOOMBERG COMMODITY (CMOD.MI) Stock Technical Analysis
BIT:CMOD - Euronext Milan - IE00BD6FTQ80 - ETF - Currency: EUR
Taking everything into account, CMOD scores 2 out of 10 in our technical rating. In the past year, CMOD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CMOD is a bad performer in the overall market: 63% of all stocks are doing better.
Warning: CMOD has an average volume of 23329 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CMOD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMOD is lagging the market.
In the last month CMOD has a been trading in the 20.58 - 22.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CMOD has a poor technical rating and the quality of the setup is also not perfect 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
19.31
24.58
3 important support areas can be observed.
- A support zone ranging from 20.90 to 21.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.07 from a horizontal line in the weekly time frame.
- A support zone ranging from 19.50 to 19.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.44 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @21.98 from a trend line in the daily time frame.
- A resistance zone ranging from 24.10 to 24.34. 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 | DOWN | NEGATIVE | The long term trend for CMOD.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMOD.MI is up. |
| ChartMill Relative Strength | 37.47 | NEUTRAL | CMOD.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CMOD.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMOD.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CMOD.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.94 | NEUTRAL | The RSI value for CMOD.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CMOD.MI has a positive trend. |
| Stochastics (14,3) | 63.89 | NEUTRAL | The Stochastics value for CMOD.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for CMOD.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 22.54 | NEUTRAL | The ADX value for CMOD.MI suggests a possible start of a new 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)
BIT:CMOD (7/17/2025, 7:00:00 PM)
21.43
+0.13 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.63%
1 Week2%
2 Weeks2.32%
1 Month-2.97%
3 Month0.49%
6 Month-9.27%
12 Month4.21%
2 Year1.04%
3 Year-14.55%
5 Year73.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.31%
ATR Inc-64.46%
Range Today0.1
ADR(20)0.21
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.47
Mansfield-0.87
10 Day High21.78
10 Day Low20.66
20 Day High22.43
20 Day Low20.58
52 Week High24.36
52 Week Low19.35
CS1 End21.41
CR1 Start21.44
Volume & EV
DER(3)0%
DER(5)0%
Volume6.52K
Volume Incr-69.2%
Vol(5)6.94K
Vol(50)23.33K