The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 38.2% 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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- 5/10/2024 -
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CMS Energy (CMS) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a second consecutive positive week for the CMS Energy (CMS). During the week, the CMS gained 1.37 points, or 2.23%, and closed at 62.93 on Friday, May 10, 2024. Weekly volume was -8% below average.

CMS is a member of Utilities Sector. Utilities is the 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 (48.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CMS may retest the broken resistance line. It is considered to be a support 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 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 resistance line (57.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See CMS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 16, 2024 at 56.61 and reached 63.70 on May 10, 2024. CMS gained -7.09 points, or -12.52%, in 24 days. The price is now at the 10.86% retracement level.

Daily Technical Indicators: [See CMS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.79
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.50
Strong Overbought
Greed/Fear Indicator (GFI) 87.97
Overbought
Moving Average Converg./Diverg. (MACD) 0.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.44
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 75.20
Greed/Fear Indicator (GFI) 77.79
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
Upper Bollinger Band 64.27
Daily Stochastic Crossing 63.46
Price 62.93
Weekly Stochastic Crossing 62.26
Parabolic System 62.09
Quarterly Trendline Resistance 61.28
20 Day Moving Average 60.40
50 Day Moving Average 59.59
Quarterly Trendline Support 57.82
Lower Bollinger Band 57.48
Yearly Trendline Resistance 50.71
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Multi-Utilities 116
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.32
Low Date 04/26/2024
High 63.70
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.61
Low Date 04/16/2024
High 63.70
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.10
Low Date 02/13/2024
High 63.70
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 61.28
Support 57.82
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 50.71
Support 48.28
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.