The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 7/5/2024 -
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CMS Energy (CMS) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldMACD bullish divergenceA Parabolic SAR indicator is below and near the price
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It was the negative week for the CMS Energy (CMS). During the week, the CMS dropped -0.60 points, or -1.01%, and closed at 58.93 on Friday, July 5, 2024. Weekly volume was -28% below average.

CMS is a member of Utilities Sector. Utilities is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (47.89) 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 October 3, 2023 at 49.87 and reached 63.70 on May 10, 2024. CMS gained -13.83 points, or -27.73%, in 31 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (60.73) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CMS may retest the broken support line. It is considered to be a resistance line now. 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 below its signal line since June 21, 2024. 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 June 24, 2024 at 60.96 and reached 58.57 on July 2, 2024. CMS lost 2.39 points, or 3.92%, in 8 days. The price is now at the 15.06% retracement level.

Daily Technical Indicators: [See CMS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 May 20, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (59.47) comes close to the price (58.93). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.75
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 19.41
Oversold
Greed/Fear Indicator (GFI) 25.47
Moving Average Converg./Diverg. (MACD) -0.50 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.59
Williams' Percentage Range (W%R) 54.40
Lane's Stochastic (%D-Slow) 42.17
Greed/Fear Indicator (GFI) 45.74
Moving Average Converg./Diverg. (MACD) 0.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 64.92
Upper Bollinger Band 61.20
50 Day Moving Average 60.98
Quarterly Trendline Support 60.73
Weekly Stochastic Crossing 60.22
20 Day Moving Average 59.70
Monthly Trendline Resistance 59.53
Parabolic System 59.47
Price 58.93
Daily Stochastic Crossing 58.89
Lower Bollinger Band 58.41
Monthly Trendline Support 57.32
Yearly Trendline Resistance 49.06
Yearly Trendline Support 47.89
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Multi-Utilities 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 60.14
High Date 06/28/2024
Low 58.57
Low Date 07/02/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.96
High Date 06/24/2024
Low 58.57
Low Date 07/02/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 59.53
Support 57.32
High 63.70
High Date 05/10/2024
Low 58.54
Low Date 06/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 64.92
Support 60.73
Low 49.87
Low Date 10/03/2023
High 63.70
High Date 05/10/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 49.06
Support 47.89
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.