CORE MOLDING TECHNOLOGIES IN (CMT) Stock Technical Analysis
NYSEARCA:CMT - NYSE Arca - US2186831002 - Common Stock - Currency: USD
Taking everything into account, CMT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CMT is only an average performer.
CMT 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.84, a Stop Loss order could be placed below this zone.
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14.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.33 to 16.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.91 to 15.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.30 to 17.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.77 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 | UP | POSITIVE | The long term trend for CMT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CMT is neutral. |
| ChartMill Relative Strength | 45.98 | NEUTRAL | CMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CMT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.88 | NEUTRAL | The RSI value for CMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.77 | NEUTRAL | The Stochastics value for CMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CMT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.29 | NEGATIVE | The low ADX value for CMT suggests a weak or negative 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 |
|---|---|---|---|
| 17.00 | 16.49 | 0.51 (3.02%) | 25.00% |
| An entry @17.00. This is a Buy Stop order right above the 10 day moving average. | An exit @16.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.51 points, which is 3.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of CMT. Please evaluate whether better entry and exit points can be found.
- 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.
16.85
+0.06 (+0.36%)