COSTAMARE INC (CMRE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMRE - MHY1771G1026 - Common Stock
We assign a technical rating of 9 out of 10 to CMRE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMRE is showing a nice and steady performance.
Besides having an excellent technical rating, CMRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
12.02
3 important support areas can be observed.
- Support @14.28 from a horizontal line in the daily time frame.
- Support @12.39 from a trend line in the daily time frame.
- Support @12.14 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.94 to 16.33. 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 CMRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMRE is up. |
| ChartMill Relative Strength | 86.83 | POSITIVE | CMRE has a high relative strength, it outperformed 86.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.13 | NEUTRAL | The RSI value for CMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CMRE has a negative trend. |
| Stochastics (14,3) | 78.34 | NEUTRAL | The Stochastics value for CMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for CMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 53.12 | POSITIVE | The high ADX value value for CMRE suggests a strong trend. |
15.93
-0.13 (-0.81%)
COSTAMARE INC / CMRE FAQ
What is the ChartMill technical rating of COSTAMARE INC (CMRE) stock?
ChartMill assigns a technical rating of 9 / 10 to CMRE.
What is the current trend direction of COSTAMARE INC (CMRE) stock?
The current trend direction for COSTAMARE INC (CMRE) is Bullish.
What is the RSI signal for COSTAMARE INC (CMRE) stock?
COSTAMARE INC (CMRE) has an RSI value of 69.1349. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COSTAMARE INC?
The buy/sell signal for COSTAMARE INC (CMRE) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for COSTAMARE INC (CMRE) stock?
COSTAMARE INC (CMRE) has a support level at 14.28 and a resistance level at 15.94. Check the full technical report for our detailed analysis of CMRE support and resistance levels.