COSTAMARE INC (CMRE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMRE - MHY1771G1026 - Common Stock
Overall CMRE gets a technical rating of 9 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.
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 a resistance zone just above the current price starting at 16.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CMRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.66 to 15.88. 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 15.00 to 15.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.06 from a trend line in the daily time frame.
- Support @12.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.20 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 | 89.95 | POSITIVE | CMRE has a high relative strength, it outperformed 89.95% 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) | 62.46 | NEUTRAL | The RSI value for CMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CMRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.76 | OVERBOUGHT | The high Stochastics value suggests CMRE may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CMRE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.87 | POSITIVE | The high ADX value value for CMRE suggests a strong 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 |
|---|---|---|---|
| 16.34 | 15.65 | 0.69 (4.22%) | 23.68% |
| An entry @16.34. This is a Buy Stop order right above the resistance zone. | An exit @15.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 4.22%. | When investing 23.68% 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.
16.19
-0.08 (-0.49%)
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 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 62.4644. 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 15.88 and a resistance level at 16.2. Check the full technical report for our detailed analysis of CMRE support and resistance levels.