USA - NASDAQ:CMRC - US08975P1084 - Common Stock
We assign a technical rating of 4 out of 10 to CMRC. In the last year, CMRC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, CMRC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for CMRC in the last couple of days, which is a good sign.
4.40
When analyzing the support we can see 2 important areas.
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 CMRC is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMRC is up. |
ChartMill Relative Strength | 0 | NEGATIVE | CMRC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMRC is above the rising SMA(20). |
Relative Strength Index/RSI (14) | 58.05 | NEUTRAL | The RSI value for CMRC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CMRC has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 67.44 | NEUTRAL | The Stochastics value for CMRC is a neutral value. |
Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CMRC suggests some volalility. |
Average Directional Index/ADX (14) | 21.54 | NEUTRAL | The ADX value for CMRC suggests a possible start of a new trend. |
5.09
+0.17 (+3.46%)