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Uptrend Broken SupportArchive
- 12/13/2024 -
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CMS Energy (CMS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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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.
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