Today CMCL ranks # as SELL CANDIDATE.
Today CMCL ranks # as SELL CANDIDATE.

CMCL stock Caledonia Mining Corp

CMCL stock
Caledonia Mining Corp

April 24, 2019
Change -0.26%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will CMCL stock price go up or down on Fri, 26 Apr 2019?

Caledonia Mining Corp Forecast and Stock Analysis

Technical CMCL stock analysis for April 24, 2019.

Sell candidate since 2019-04-22 Loss -3.17%
Shorts 0.63% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.03
ROA 9.14

Caledonia Mining Corp fell by -0.26% in the last day from $5.83 to $5.81 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -3.49% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4 341 shares and in total 570 shares bought and sold for approximately $3 311.70.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the CMCL stock was $5.81. This is 0.26% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 0.00% from a day low at $5.81 to a day high of $5.81.

30 day high of the CMCL stock price was $6.11 and low was $5.59.
90 day high was $6.42 and low was $5.01.
52 week high for the Caledonia Mining Corp - $9.85 and low - $5.01.

Trend

Caledonia Mining Corp lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.43% during the next 3 months and, with 90% probability hold a price between $5.52 and $6.55 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Caledonia Mining Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $5.86 and $5.93. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday April 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Friday April 12, 2019 and based on theory for this formation the price should go up by 0.33% to $6.13 within 6 trading days since signal was issued (Tuesday April 23, 2019).

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Caledonia Mining Corp finds support from accumulated volume at $5.57.

Support: $5.57 Price: $5.81 Resistance: $5.85

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Today CMCL ranks # as SELL CANDIDATE.
Today CMCL ranks # as SELL CANDIDATE.