CMCL Forecast and Technical Stock Analysis

Buy candidate since 2019-07-18

Caledonia Mining Corp gained 1.90% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $5.96 to $6.07 During day the stock fluctuated 3.89% from a day low at $5.92 to a day high of $6.15. The price has been going up and down for this period, and there has been a -0.41% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 178 more shares were traded than the day before. In total, 8 497 shares bought and sold for approximately $51 602.30.

Quick summary:

  • 30 day high of the CMCL stock price was $6.38 and low was $5.45.
  • 90 day high was $6.38 and low was $5.34.
  • 52 week high for the Caledonia Mining Corp - $9.48 and low - $5.01.
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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 5.03% during the next 3 months and, with 90% probability hold a price between $5.87 and $6.77 at the end of this period.

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Only positive signals in the chart today. Caledonia Mining Corp holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $6.02 and $5.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 12, 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 considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 55 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Caledonia Mining Corp finds support from accumulated volume at $6.00.

Support: $6.00 Price: $6.07 Resistance: $6.14


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.23 (3.89%) between high and low. For the last week, the stock has had a daily average volatility of 2.62%.

Our recommended stoploss: $5.75 (-5.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

2.62 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Will CMCL stock price go up or down on Mon, 22 Jul 2019?

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