The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Broken Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 4/5/2024 -
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CMS Energy (CMS) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 58.41The price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the CMS Energy (CMS). During the week, the CMS dropped -1.69 points, or -2.80%, and closed at 58.65 on Friday, April 5, 2024. Weekly volume was 20% above average.

Long-term trend: [See CMS long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 73.76 and reached 49.87 on October 3, 2023. CMS lost 23.89 points, or 32.39%, in 75 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (48.54) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CMS medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 55.10 and reached 60.87 on March 7, 2024. CMS gained -5.77 points, or -10.47%, in 3 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (58.85) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CMS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CMS short-term trend chart]
A short-term uptrend had started on March 14, 2024 at 57.75 and reached 60.77 on April 2, 2024. CMS gained -3.02 points, or -5.23%, in 19 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (58.41) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See CMS daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.84
Williams' Percentage Range (W%R) 66.40
Lane's Stochastic (%D-Slow) 53.92
Greed/Fear Indicator (GFI) 48.10
Moving Average Converg./Diverg. (MACD) 0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.60
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 72.24
Greed/Fear Indicator (GFI) 61.84
Moving Average Converg./Diverg. (MACD) 0.09
Trading Signals
Description Value Chart
Weekly Trendline Resistance 61.48
Monthly Trendline Resistance 60.79
Parabolic System 60.73
Upper Bollinger Band 60.61
Daily Stochastic Crossing 59.36
20 Day Moving Average 59.13
Weekly Stochastic Crossing 59.13
Monthly Trendline Support 58.85
Price 58.65
Weekly Trendline Support 58.41
50 Day Moving Average 58.08
Lower Bollinger Band 57.44
Yearly Trendline Resistance 51.83
Yearly Trendline Support 48.54
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Multi-Utilities 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 60.77
High Date 04/02/2024
Low 58.35
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 61.48
Support 58.41
Low 57.75
Low Date 03/14/2024
High 60.77
High Date 04/02/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 60.79
Support 58.85
Low 55.10
Low Date 02/13/2024
High 60.87
High Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.87
Low Date 10/03/2023
High 60.87
High Date 03/07/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 51.83
Support 48.54
High 73.76
High Date 04/21/2022
Low 49.87
Low Date 10/03/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.