COSTAMARE INC (CMRE) Technical Analysis
NYSE:CMRE • MHY1771G1026
Current stock price
CMRE Technical Rating and Analysis
Taking everything into account, CMRE scores 8 out of 10 in our technical rating. In the last year, CMRE was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that CMRE is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, CMRE also shows a nice and consistent pattern of rising prices.
- CMRE is one of the better performing stocks in the Marine Transportation industry, it outperforms 73% of 35 stocks in the same industry.
- CMRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CMRE is leading the market.
- In the last month CMRE has a been trading in the 15.90 - 17.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CMRE Weekly and Daily overview Charts
CMRE Setup Rating and Analysis
CMRE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 16.33, a Stop Loss order could be placed below this zone.
More info and screens
CMRE Support and Resistance Analysis
13.97
3 important support areas can be observed.
- A support zone ranging from 16.08 to 16.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.19 from a horizontal line in the daily time frame.
- Support @14.11 from a trend line in the weekly time frame.
CMRE Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for CMRE is neutral. |
| ChartMill Relative Strength | 90.96 | POSITIVE | CMRE has a high relative strength, it outperformed 90.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMRE is below a declining 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) | 50.04 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 49.34 | NEUTRAL | The Stochastics value for CMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.82 | NEGATIVE | The low ADX value for CMRE suggests a weak or negative trend. |
CMRE Chart- and CandleStick Pattern Analysis
CMRE Example Setup
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 |
|---|---|---|---|
| 17.47 | 16.07 | 1.40 (7.99%) | 12.52% |
| An entry @17.46. This is a Buy Stop order right above the 10 day high. | An exit @16.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.40 points, which is 7.99%. | For a 1.00% total portfolio risk, you can invest 12.52% of your capital in this trade. |
- 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.
CMRE Technicals: Chart, Performance Metrics, Trend & Indicators
16.77
-0.25 (-1.47%)
COSTAMARE INC / CMRE TA FAQ
What is the ChartMill technical rating of COSTAMARE INC (CMRE) stock?
ChartMill assigns a technical rating of 8 / 10 to CMRE.
What is the trend direction for CMRE stock?
The current trend direction for COSTAMARE INC (CMRE) is Bullish.
What is the RSI signal for CMRE stock?
COSTAMARE INC (CMRE) has an RSI value of 50.0354. This indicates that the stock is currently neutral.
What are the support and resistance levels for COSTAMARE INC (CMRE) stock?
COSTAMARE INC (CMRE) has a support level at 16.33. Check the full technical report for our detailed analysis of CMRE support and resistance levels.