Previous Hold Today CMCL ranks #2322 as HOLD CANDIDATE. Next Hold
Today CMCL ranks #2322 as HOLD CANDIDATE.

CMCL stock Caledonia Mining Corp

CMCL stock
Caledonia Mining Corp

February 21, 2019
Change 0.72%
Chart period: 2018-11-23 - 2019-02-21





Will CMCL stock price go up or down on Fri, 22 Feb 2019?

Caledonia Mining Corp Forecast and Stock Analysis

Technical CMCL stock analysis for February 21, 2019.

Hold candidate since 2019-02-21
Shorts 0.39% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.07
ROA 9.96

Caledonia Mining Corp gained 0.72% in the last trading day, rising from $5.53 to $5.57 The price has fallen in 5 of the last 10 days and is down by -1.42% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 19 876 more shares were traded than the day before. In total, 41 784 shares bought and sold for approximately $232 737.00.

Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the CMCL stock was $5.57. This is 0.72% more than the trading day before Wednesday, 20th Feb 2019.

During day the stock fluctuated 2.36% from a day low at $5.52 to a day high of $5.65.

30 day high of the CMCL stock price was $6.22 and low was $5.39.
90 day high was $6.37 and low was $5.01.
52 week high for the Caledonia Mining Corp - $9.94 and low - $5.01.


Given the current horizontal trend you can expect Caledonia Mining Corp with 90% probability to be traded between $5.15 and $6.39 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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A buy signal was issued from a pivot bottom point on Friday February 15, 2019, which indicates further gains until a new top pivot has been found. Caledonia Mining Corp has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Caledonia Mining Corp holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $5.83. On a fall, the stock will find some support from the short-term average at $5.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Caledonia Mining Corp finds support from accumulated volume at $5.55.

Support: $5.55 Price: $5.57 Resistance: $5.60


This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.13 between high and low, or 2.36%. For the last week, the stock has had a daily average volatility of 2.20%.

Caledonia Mining Corp is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: $5.23 (-6.13%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 27 which reduces the risk some. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Caledonia Mining Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today CMCL ranks #2322 as HOLD CANDIDATE. Next Hold
Today CMCL ranks #2322 as HOLD CANDIDATE.