The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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CMS Energy (CMS) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was a first positive week for the CMS Energy (CMS). During the week, the CMS climbed 0.15 points, or 0.22%, and closed at 67.32 on Friday, December 13, 2024. CMS was trading at average weekly trading volume.

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 (46.71) 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 downtrend had started on October 24, 2024 at 72.40 and reached 65.09 on November 7, 2024. CMS lost 7.31 points, or 10.10%, in 2 weeks. The price is now at the 30.51% retracement level.

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

The weekly MACD line is below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CMS short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 71.26 and reached 66.63 on December 11, 2024. CMS lost 4.63 points, or 6.50%, in 14 days. The price is now at the 14.90% retracement level.

Daily Technical Indicators: [See CMS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.44
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 17.52
Oversold
Greed/Fear Indicator (GFI) 20.53
Moving Average Converg./Diverg. (MACD) -0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.94
Williams' Percentage Range (W%R) 53.30
Lane's Stochastic (%D-Slow) 44.03
Greed/Fear Indicator (GFI) 45.91
Moving Average Converg./Diverg. (MACD) 2.21
Trading Signals
Description Value Chart
Upper Bollinger Band 70.50
50 Day Moving Average 69.15
Parabolic System 68.72
Weekly Stochastic Crossing 68.43
20 Day Moving Average 68.43
Price 67.32
Daily Stochastic Crossing 66.91
Lower Bollinger Band 65.79
Sector and Industry
Description Name Rank
Sector Utilities 5
Industry Multi-Utilities 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.63
Low Date 12/11/2024
High 67.88
High Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.26
High Date 11/27/2024
Low 66.63
Low Date 12/11/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.40
High Date 10/24/2024
Low 65.09
Low Date 11/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.87
Low Date 10/03/2023
High 72.40
High Date 10/24/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 44.01
Support 46.71
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.