COMTECH TELECOMMUNICATIONS (CMTL) Technical Analysis
NASDAQ:CMTL • US2058262096
Current stock price
CMTL Technical Rating and Analysis
Taking everything into account, CMTL scores 4 out of 10 in our technical rating. Although CMTL 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 CMTL has a been trading in the 3.05 - 5.75 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the yearly performance of all stocks, we notice that CMTL is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, CMTL also shows a nice and consistent pattern of rising prices.
- CMTL is part of the Communications Equipment industry. There are 48 other stocks in this industry. CMTL outperforms 70% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- CMTL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMTL is lagging the market slightly.
CMTL Weekly and Daily overview Charts
CMTL Setup Rating and Analysis
CMTL has an average technical rating and it also does not offer a high quality setup 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
CMTL Support and Resistance Analysis
2.88
When analyzing the support we can see 2 important areas.
- Support @3.38 from a horizontal line in the daily time frame.
- A support zone ranging from 2.91 to 2.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.91 from a trend line in the daily time frame.
- Resistance @5.98 from a horizontal line in the daily time frame.
CMTL Technical Indicator Signal Analysis
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 CMTL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMTL is down. |
| ChartMill Relative Strength | 93.04 | POSITIVE | CMTL has a high relative strength, it outperformed 93.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMTL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CMTL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMTL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.38 | NEUTRAL | The RSI value for CMTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CMTL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.81 | NEUTRAL | The Stochastics value for CMTL is a neutral value. |
| Average True Range in percent/ATR (20) | 12.89 | HIGH VOLATILITY | The high ATR as a percentage value for CMTL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for CMTL suggests a strong trend. |
CMTL Chart- and CandleStick Pattern Analysis
CMTL Technicals: Chart, Performance Metrics, Trend & Indicators
3.62
-0.12 (-3.21%)
COMTECH TELECOMMUNICATIONS / CMTL TA FAQ
Can you provide the ChartMill technical rating for COMTECH TELECOMMUNICATIONS?
ChartMill assigns a technical rating of 4 / 10 to CMTL.
What is the current trend direction of COMTECH TELECOMMUNICATIONS (CMTL) stock?
The current trend direction for COMTECH TELECOMMUNICATIONS (CMTL) is Bearish.
What is the RSI signal for COMTECH TELECOMMUNICATIONS (CMTL) stock?
COMTECH TELECOMMUNICATIONS (CMTL) has an RSI value of 31.3802. This indicates that the stock is currently neutral.
What is the MACD signal for CMTL stock?
The MACD indicator for COMTECH TELECOMMUNICATIONS (CMTL) has a value of -0.173093, indicating a bearish trend.
What is the short term momentum for COMTECH TELECOMMUNICATIONS (CMTL) stock?
The short term momentum for COMTECH TELECOMMUNICATIONS (CMTL) is negative.