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Uptrend ExhaustionArchive
- 1/3/2025 -
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CMS Energy (CMS) Technical Analysis
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| Summary:
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| | It was the negative week for the CMS Energy (CMS). During the week, the CMS gave back -0.45 points, or -0.67%, and closed at 66.61 on Friday, January 3, 2025. Weekly volume was -40% below average.
 Long-term trend: [See CMS long-term trend chart]
A long-term uptrend had started on October 3, 2023 at 49.87 and reached 72.40 on October 24, 2024. CMS gained -22.53 points, or -45.18%, in 55 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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 chart has formed a Symmetric Triangle chart pattern. The trend support level is at 65.59 and resistance is at 70.12. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See CMS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
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 near its 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 65.47 on December 19, 2024. CMS lost 5.79 points, or 8.13%, in 22 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 63.74 and resistance is at 67.30. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See CMS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 24, 2024. The distance between MACD and the signal line is low, but getting bigger.
A Parabolic SAR (stop and reversal) indicator (66.13) comes close to the price (66.61). It indicates that the trend is getting weaker. 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.
The distance between the Bollinger Bands (2.88%) is close to one year low (3.63%). It is 57.19% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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