CMM INFRAPROJECTS LTD
Data as on : March 13, 2025; Data Source: REFINITIV; Analysis: Kalkine
Note: Kalkine's momentum score is updated on a weekly basis.
- A 'High Momentum Score' (>4) indicates that the stock prices are trading in an established uptrend, and the possibility of continuation of the current trend is higher.
- An 'Above Average Momentum Score' (>3 but <=4) indicates that the stock prices are in an uptrend, and the possibility of continuation of the current trend is high.
- An 'Average Momentum Score' (>2 but <=3) indicates that the stock prices are trading without any proper trend indication.
- A 'Below Average Momentum Score' (>1 but <=2) indicates that the stock prices are in a downtrend, and the possibility of continuation of the current trend is high.
- A 'Low Momentum Score' (<=1) indicates that the stock prices are trading in an established downtrend, and the possibility of continuation of the current trend is higher.
| Momentum Score Benchmark | |||
|---|---|---|---|
| S. No. | Parameter | Criteria | Score |
| 1 | Relative Strength Index (RSI) Wilder Smoothing | >50 but <= 75 OR <30 but >=10 | 1.0 |
| 2 | Moving Average Convergence/ Divergence (MACD) Histogramg | >0 | 1.0 |
| 3 | 20-Day Simple Moving Average (SMA) | < Current Market Price (CMP) | 0.5 |
| 4 | 50-Day Simple Moving Average (SMA) | < Current Market Price (CMP) | 0.5 |
| 5 | Parabolic SAR | < Current Market Price (CMP)) | 1.0 |
| 6 | Directional Movement Index (DMI) | +Directional Movement (+DM) > -Directional Movment (-DM) | 1.0 |
| Total Score | 5.0 | ||
Relative Strength Index (RSI): RSI is a leading momentum indicator that moves in a range of 0 to 100. As per Wilder's definition, a reading above the midpoint (50) is considered supportive for an upside movement; however, above 70 levels is considered overbought. Likewise, a reading below 50 is deemed supportive to a downside, while a reading below 30 is oversold.
Parabolic SAR: Parabolic SAR is a trend-following indicator that acts as a trailing stop. If the price stops rising and reverses below SAR, it indicates the start of a downtrend with SAR above the price following like a trailing stop. Similarly, if the prices stop falling and move above SAR, it indicates the start of an uptrend with SAR below the price following like a trailing stop.
MACD-Histogram: Moving Average Convergence Divergence (MACD)-Histogram is the difference between the MACD and its signal line. A positive value of the MACD-Histogram indicates a positive crossover between MACD and its signal line, whereas a negative value indicates a negative crossover.
20 and 50-Period SMAs: A Simple Moving Average (SMA) is a widely used trend-following (lagging) indicator based on the past price. It is simply the average of the closing prices over the specified timeframe. The 15, 20, 50, 100, and 200 periods are the most common time frames for moving averages. If the current market price is above SMA, it is considered supportive of a downside movement, whereas it supports an upside movement if prices are below it.
Directional Movement Index (DMI): The Directional Movement Index (DMI) indicator contains +DI and -DI and helps identify the direction of the prices. When +DI is above -DI, the price has more upward pressure than downward pressure. Conversely, if -DI is above +DI, the price has more downside pressure.