CHIBOUGAMAU INDEPENDENT MINE (CBG.CA) Stock Technical Analysis
TSX-V:CBG - TSX Venture Exchange - CA1671012039 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to CBG. CBG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: CBG has an average volume of 13083 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that CBG is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, CBG also shows a nice and consistent pattern of rising prices.
CBG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CBG is lagging the market slightly.
In the last month CBG has a been trading in the 0.14 - 0.17 range, which is quite wide. It is currently trading near the high of this range.
CBG is part of the Metals & Mining industry. There are 798 other stocks in this industry, CBG did better than 57% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CBG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.10
0.19
We found 5 important support areas.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.15 from a trend line in the weekly time frame.
- Support @0.14 from a trend line in the daily time frame.
- Support @0.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.19 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CBG.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBG.CA is up. |
| ChartMill Relative Strength | 79.57 | POSITIVE | CBG.CA has a high relative strength, it outperformed 79.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CBG.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.86 | NEUTRAL | The RSI value for CBG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CBG.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests CBG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for CBG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.47 | POSITIVE | The high ADX value value for CBG.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:CBG (8/8/2025, 7:00:00 PM)
0.175
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week20.69%
2 Weeks6.06%
1 Month2.94%
3 Month-5.41%
6 Month20.69%
12 Month66.67%
2 Year34.62%
3 Year40%
5 Year25%
10 Year337.5%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%6.14%
ATR Inc-32.26%
Range Today0
ADR(20)0.01
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.57
Mansfield0.85
10 Day High0.18
10 Day Low0.14
20 Day High0.18
20 Day Low0.14
52 Week High0.2
52 Week Low0.09
CS1 End0.17
CR1 Start0.18
Volume & EV
DER(3)0%
DER(5)0%
Volume3.00K
Volume Incr-82.54%
Vol(5)2.67K
Vol(50)13.08K