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Advanced TA SearchArchive
- 5/3/2024 -
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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 gained 2.22 points, or 3.74%, and closed at 61.56 on Friday, May 3, 2024. Weekly volume was 25% above 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 (48.33) 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 61.91 on May 3, 2024. CMS gained -12.04 points, or -24.14%, in 30 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (61.23). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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. 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 61.91 on May 3, 2024. CMS gained -5.30 points, or -9.36%, in 17 days. The price is now at the 6.60% retracement level.
 Daily Technical Indicators: [See CMS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
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