CMTL Technical Analysis - COMTECH TELECOMMUNICATIONS

Technical Rating and Analysis

Overall CMTL gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CMTL is a bad performer.

82% of all other stocks performed better in the past year than CMTL.

CMTL is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 85% are performing better than CMTL.

The long and short term trends are both positive. This is looking good!

In the last month CMTL has a been trading in the 2.18 - 3.14 range, which is quite wide. It is currently trading near the high of this range.

CMTL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMTL is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COMTECH TELECOMMUNICATIONS / CMTL Weekly stock chart

COMTECH TELECOMMUNICATIONS / CMTL Daily stock chart

Setup Rating and Analysis

Although CMTL has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.93

3.07

When analyzing the support we can see 4 important areas.

A support zone ranging from 2.57 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @2.20 from a trend line in the daily time frame.
Support @2.15 from a trend line in the weekly time frame.
Support @1.95 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for CMTL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CMTL is up.
ChartMill Relative Strength	18.1	NEGATIVE	CMTL has a low relative strength, it was outperformed by 81.9% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CMTL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CMTL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CMTL is above a declining SMA(200).
Relative Strength Index/RSI (14)	70.82	OVERBOUGHT	The high RSI value suggests CMTL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests CMTL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	94.81	OVERBOUGHT	The high Stochastics value suggests CMTL may be overbought.
Average True Range in percent/ATR (20)	5.89	HIGH VOLATILITY	The high ATR as a percentage value for CMTL suggests high volalility.
Average Directional Index/ADX (14)	31.37	POSITIVE	The high ADX value value for CMTL suggests a strong trend.