CORE MOLDING TECHNOLOGIES IN (CMT) Stock Technical Analysis
NYSEARCA:CMT • US2186831002
Overall CMT gets a technical rating of 4 out of 10. Although CMT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month CMT has a been trading in the 18.42 - 20.98 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: CMT has an average volume of 24962 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, CMT did better than 79% of all other stocks. On top of that, CMT also shows a nice and consistent pattern of rising prices.
- CMT is part of the Chemicals industry. There are 83 other stocks in this industry. CMT outperforms 74% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- CMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMT is lagging the market.
Although the technical rating is only medium, CMT does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for CMT 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.
More info and screens
17.38
We found 4 important support areas.
- Support @19.15 from a trend line in the weekly time frame.
- Support @18.42 from a trend line in the daily time frame.
- A support zone ranging from 17.91 to 18.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.56 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.43 to 19.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.23 from a trend line in the daily time frame.
- A resistance zone ranging from 21.68 to 21.92. 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 | NEUTRAL | NEUTRAL | The long term trend for CMT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMT is down. |
| ChartMill Relative Strength | 79.71 | POSITIVE | CMT has a high relative strength, it outperformed 79.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CMT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.08 | NEUTRAL | The RSI value for CMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CMT has a negative trend. |
| Stochastics (14,3) | 29.53 | NEUTRAL | The Stochastics value for CMT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for CMT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.63 | NEGATIVE | The low ADX value for CMT suggests a weak or negative trend. |
19.2
-0.27 (-1.39%)
CORE MOLDING TECHNOLOGIES IN / CMT FAQ
Can you provide the ChartMill technical rating for CORE MOLDING TECHNOLOGIES IN?
ChartMill assigns a technical rating of 4 / 10 to CMT.
What is the trend direction for CMT stock?
The current trend direction for CORE MOLDING TECHNOLOGIES IN (CMT) is Bearish.
What is the RSI signal for CORE MOLDING TECHNOLOGIES IN (CMT) stock?
CORE MOLDING TECHNOLOGIES IN (CMT) has an RSI value of 46.0805. This indicates that the stock is currently neutral.
What is the short term momentum for CMT stock?
The short term momentum for CORE MOLDING TECHNOLOGIES IN (CMT) is negative.
Can you provide the support and resistance levels for CORE MOLDING TECHNOLOGIES IN?
CORE MOLDING TECHNOLOGIES IN (CMT) has a support level at 19.15 and a resistance level at 19.43. Check the full technical report for our detailed analysis of CMT support and resistance levels.