CMS ENERGY CORP (CMS) Stock Technical Analysis
NYSE:CMS • US1258961002
We assign a technical rating of 8 out of 10 to CMS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CMS is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by CMS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month CMS has a been trading in the 70.28 - 78.31 range, which is quite wide. It is currently trading near the high of this range.
- CMS has an average volume of 3075790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CMS turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- CMS is an average performer in the Multi-Utilities industry, it outperforms 43% of 26 stocks in the same industry.
Although CMS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
68.07
We found 3 important support areas.
- A support zone ranging from 71.98 to 72.13. 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 70.48 to 70.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 68.76 to 69.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.08 to 78.08. 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 CMS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMS is up. |
| ChartMill Relative Strength | 53.9 | NEUTRAL | CMS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.44 | OVERBOUGHT | The high RSI value suggests CMS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests CMS has a positive trend. |
| Stochastics (14,3) | 92.94 | OVERBOUGHT | The high Stochastics value suggests CMS may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for CMS suggests low volalility. |
| Average Directional Index/ADX (14) | 32.06 | POSITIVE | The high ADX value value for CMS suggests a strong trend. |
78.07
+1.02 (+1.32%)
CMS ENERGY CORP / CMS FAQ
What is the ChartMill technical rating of CMS ENERGY CORP (CMS) stock?
ChartMill assigns a technical rating of 8 / 10 to CMS.
What is the current trend direction of CMS ENERGY CORP (CMS) stock?
The current trend direction for CMS ENERGY CORP (CMS) is Bullish.
What is the RSI signal for CMS stock?
CMS ENERGY CORP (CMS) has an RSI value of 73.4413. This indicates that the stock is currently overbought.
What is the MACD signal for CMS ENERGY CORP (CMS) stock?
The MACD indicator for CMS ENERGY CORP (CMS) has a value of 0.238269, indicating a bearish trend.
What are the support and resistance levels for CMS ENERGY CORP (CMS) stock?
CMS ENERGY CORP (CMS) has a support level at 72.13 and a resistance level at 78.08. Check the full technical report for our detailed analysis of CMS support and resistance levels.