COSTAMARE INC (CMRE) Stock Technical Analysis
NYSE:CMRE - New York Stock Exchange, Inc. - MHY1771G1026 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CMRE. CMRE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CMRE is a bad performer in the overall market: 88% of all stocks are doing better.
CMRE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMRE is lagging the market.
CMRE is an average performer in the Marine Transportation industry, it outperforms 48% of 32 stocks in the same industry.
In the last month CMRE has a been trading in the 6.63 - 9.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CMRE 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.
More info and screens
8.21
10.76
When analyzing the support we notice one important area.
- Support @8.29 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @8.41 from a trend line in the daily time frame.
- A resistance zone ranging from 8.58 to 8.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.65 from a horizontal line in the daily time frame.
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 CMRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMRE is down. |
| ChartMill Relative Strength | 12.25 | NEGATIVE | CMRE has a low relative strength, it was outperformed by 87.75% 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) | DOWN | NEGATIVE | The current price of CMRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.31 | NEUTRAL | The RSI value for CMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.41 | NEUTRAL | The Stochastics value for CMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for CMRE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for CMRE suggests a weak or negative 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)
8.3
-0.02 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.24%
1 Week-5.68%
2 Weeks6.82%
1 Month-9.59%
3 Month-20.73%
6 Month-41.92%
12 Month-44.92%
2 Year7.51%
3 Year-41.63%
5 Year80.43%
10 Year-57.65%
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%5.08%
ATR Inc-61.06%
Range Today0.15
ADR(20)0.27
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.25
Mansfield-3.57
10 Day High8.98
10 Day Low8.19
20 Day High9.68
20 Day Low6.63
52 Week High17.58
52 Week Low6.63
CS1 End8.29
CR1 Start8.41
Volume & EV
DER(3)-3.67%
DER(5)-1.21%
Volume284.80K
Volume Incr-35.41%
Vol(5)395.98K
Vol(50)553.72K