CENTERRA GOLD INC (CG.CA) Stock Technical Analysis
TSX:CG - Toronto Stock Exchange - CA1520061021 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to CG. Although CG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, CG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.63 to 9.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.81 from a horizontal line in the daily time frame.
- Support @8.30 from a trend line in the weekly time frame.
- Support @7.98 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.31 to 10.32. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 10.51 to 10.52. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for CG.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CG.CA is neutral. |
| ChartMill Relative Strength | 43.17 | NEUTRAL | CG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CG.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.28 | NEUTRAL | The RSI value for CG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CG.CA has a negative trend. |
| Stochastics (14,3) | 46.97 | NEUTRAL | The Stochastics value for CG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.9 | NEGATIVE | The low ADX value for CG.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 10.33 | 9.62 | 0.71 (6.87%) | 14.55% |
| An entry @10.33. This is a Buy Stop order right above the resistance zone. | An exit @9.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.71 points, which is 6.87%. | For a 1.00% total portfolio risk, you can invest 14.55% of your capital in this trade. |
- 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.
TSX:CG (7/14/2025, 7:00:00 PM)
9.9
-0.08 (-0.8%)