Caledonia Mining Corporation Plc

Stage 2 · Advancing · week 2

As of Oct 22, 2026, Caledonia Mining is in Stage 2, the uptrend phase, now in week 2 (since Oct 13, 2026). It closed at $21.86, 32.7% below its 52-week high and below its 200-day average, which is falling.

Caledonia Mining Corporation Plc engages in the exploration, development, and production of gold in Zimbabwe. More about the company

$21.86

-5.49% today

$423M · Small cap

Market Neutral — Building

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 23 in Gold · #1 of 76 in Materials

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 14w

S2 30w

S4 20w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S4 11w → S1 12w → S2 2w → S3 2w → S4 11w → S1 5w → S4 5w → S1 5w → S2 14w → S3 6w → S4 9w → S1 8w → S2 30w → S3 9w → S2 8w → S3 2w → S4 20w → S1 7w → S2 1w current

Total tracked: 165 weeks across 19 stage runs.

CMCL among Gold45th of 55 by relative strength

All 55 →

Stocks in Gold ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	AUGOAura Minerals Inc.	Stage 2 · wk 8	97	−8.0%
2	HYMCHycroft Mining Holding Corporation Class A	Stage 4 · wk 13	96	−25.9%
3	CGAUCenterra Gold Inc.	Stage 2 · wk 11	94	−9.3%
4	ARISAris Mining Corporation	Stage 2 · wk 4	90	−17.2%
5	MAKOMako Mining Corp	Stage 2 · wk 10	86	−20.4%
6	VGZVista Gold Corp	Stage 2 · wk 4	85	−4.0%
7	IAUXi-80 Gold Corp.	Stage 2 · wk 5	85	−17.1%
8	TRXTRX Gold Corporation	Stage 1 · wk 8	80	−27.1%
…45	CMCLCaledonia Mining Corporation Plc	Stage 2 · wk 2	32	−9.4%

vs 52W High

-32.7%

$16.70 lo$32.47 hi

32.7% below 52W high, far from high

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 2

1w13w26w

Week 2, fresh breakout

How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.

vs 200 DMA

-8.6%

200 DMA: $23.92 · sloping down

Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.

Rel Volume

1.35x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-9.4%

+17.8%

-10.6%

YTD

-16.0%

-31.7%

Scan Membership

Breakout Watch

Latest: 2025-05-05

6 appearances in last 60 days. First seen: 2019-07-18.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S2

Wk 2 · Vol 1.35x

2026-10-21S2

Wk 2 · Vol 1.40x

2026-10-20S2

Wk 2 · Vol 1.17x

2026-10-19S2

Wk 1 · Vol 0.86x

2026-10-16S2

Wk 1 · Vol 0.66x

2026-10-15S2

Wk 1 · Vol 0.73x

2026-10-14S2

Wk 1 · Vol 1.18x

2026-10-13S21→2

Wk 1 · Vol 1.31x

2026-10-12S1

Wk 7 · Vol 0.93x

2026-10-09S1

Wk 7 · Vol 2.26x

2026-10-08S1

Wk 7 · Vol 1.25x

2026-10-07S1

Wk 7 · Vol 0.98x

Moving averages & range

50 DMA

$24.32

200 DMA

$23.92

52W High

$32.47

52W Low

$16.70

5D Low

$21.86

Resistance levels (recent highs)

20d High

$24.84

60d High

$26.33

120d High

$26.33

250d High

$32.47

Next resistance

+13.6%

to 20d High

P/E (TTM)

6.3

Forward 4.8

Earnings Growth (YoY)

+28.3%

Revenue +16.5%

ROE

+27.9%

Profit margin +24.1%

Dividend Yield

2.46%

P/B 1.4

Caledonia Mining: quick answers

What stage is Caledonia Mining in?

As of Oct 22, 2026, Caledonia Mining (CMCL) is in Stage 2, the uptrend phase. It entered Stage 2 on Oct 13, 2026 and is in week 2. What the four stages mean

Is Caledonia Mining in an uptrend?

Yes. Caledonia Mining is in a Stage 2 uptrend. It trades 8.6% below its 200-day average, which is falling.

How far is Caledonia Mining from its 52-week high?

Caledonia Mining closed at $21.86 on Oct 22, 2026, 32.7% below its 52-week high of $32.47. Its 52-week low is $16.70.

How has Caledonia Mining performed over the past year?

As of Oct 22, 2026, Caledonia Mining is down 31.7% over the past year and down 16.0% so far in 2026.

Which sector and industry is Caledonia Mining in?

Caledonia Mining is in the Gold industry, part of the Materials sector.

About this companyMaterials· Gold

Caledonia Mining Corporation Plc engages in the exploration, development, and production of gold in Zimbabwe. The company is also involved in the exploration and development of mineral properties for precious metals. It owns a 64% stake in the gold-producing Blanket Mine, 100% stake in the Bilboes Sulphide Project, and the Motapa and Maligreen gold mining claims in Zimbabwe. The company was incorporated in 1992 and is headquartered in Saint Helier, Jersey.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.