CLEARBRIDGE MLP & MIDSTREAM (CEM) Stock Technical Analysis
NYSE:CEM - New York Stock Exchange, Inc. - US1846922003 - Currency: USD
Overall CEM gets a technical rating of 4 out of 10. CEM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CEM is lagging the market slightly.
CEM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CEM outperforms 60% of them, which is more or less in line with the market.
In the last month CEM has a been trading in a tight range between 42.96 and 45.41.
CEM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 44.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.73
49.05
We found 3 important support areas.
- A support zone ranging from 44.08 to 44.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.68 to 42.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.13 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 44.70 to 45.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.81 from a trend line in the weekly time frame.
- A resistance zone ranging from 48.38 to 48.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.16
Mansfield-0.19
10 Day High45.41
10 Day Low43.73
20 Day High45.41
20 Day Low42.96
52 Week High48.61
52 Week Low33.11
Performance
1 Week-0.53%
2 Weeks1.64%
1 Month1.27%
3 Month-5.68%
6 Month3.07%
12 Month26.1%
2 Year49.8%
3 Year64.42%
5 Year-21.55%
10 Year-67.98%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)51.66
LBB43.68
UBB45.22
NYSE:CEM (9/6/2024, 8:04:44 PM)
44.64
-0.04 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.09%
1 Week-0.53%
2 Weeks1.64%
1 Month1.27%
3 Month-5.68%
6 Month3.07%
12 Month26.1%
2 Year49.8%
3 Year64.42%
5 Year-21.55%
10 Year-67.98%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.47%
ATR Inc-1.62%
Range Today0.59
ADR(20)0.59
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.16
Mansfield-0.19
10 Day High45.41
10 Day Low43.73
20 Day High45.41
20 Day Low42.96
52 Week High48.61
52 Week Low33.11
CS1 End44.59
CR1 Start44.7
Volume & EV
DER(3)-1.39%
DER(5)-0.19%
Volume14.00K
Volume Incr-27.22%
Vol(5)16.12K
Vol(50)30.81K