COSTAMARE INC (CMRE) Stock Technical Analysis
NYSE:CMRE • MHY1771G1026
Overall CMRE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CMRE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CMRE is one of the better performing stocks in the market, outperforming 89% of all stocks.
- CMRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CMRE has a been trading in the 15.47 - 17.52 range, which is quite wide. It is currently trading near the high of this range.
- CMRE is an average performer in the Marine Transportation industry, it outperforms 58% of 35 stocks in the same industry.
CMRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.20. Right above this resistance zone may be a good entry point.
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13.41
3 important support areas can be observed.
- A support zone ranging from 16.11 to 16.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.19 to 15.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 13.55 to 13.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.20 to 17.33. 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 | 89.2 | POSITIVE | CMRE has a high relative strength, it outperformed 89.2% 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) | 59.44 | NEUTRAL | The RSI value for CMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CMRE has a positive trend. |
| Stochastics (14,3) | 78.05 | NEUTRAL | The Stochastics value for CMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for CMRE suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 17.34 | 16.10 | 1.24 (7.15%) | 13.98% |
| An entry @17.34. This is a Buy Stop order right above the resistance zone. | An exit @16.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.24 points, which is 7.15%. | When investing 13.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
17.19
+0.32 (+1.9%)
COSTAMARE INC / CMRE FAQ
What is the ChartMill technical rating of COSTAMARE INC (CMRE) stock?
ChartMill assigns a technical rating of 10 / 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 59.4396. This indicates that the stock is currently neutral.
What is the buy/sell signal for COSTAMARE INC (CMRE) stock?
The buy/sell signal for COSTAMARE INC (CMRE) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CMRE stock?
COSTAMARE INC (CMRE) has a support level at 16.18 and a resistance level at 17.2. Check the full technical report for our detailed analysis of CMRE support and resistance levels.