Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
American Stock Exchange
Overall CGDV gets a technical rating of 7 out of 10. In the last year, CGDV was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, CGDV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 32.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGDV in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.49
We found 4 important support areas.
- A support zone ranging from 31.10 to 31.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.43 from a horizontal line in the daily time frame.
- Support @27.95 from a trend line in the weekly time frame.
- Support @26.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.51 to 32.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.60 | 31.09 | 1.51 (4.63%) | 21.59% |
| An entry @32.60. This is a Buy Stop order right above the resistance zone. | An exit @31.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.51 points, which is 4.63%. | When investing 21.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.