CHINA GREEN AGRICULTURE INC (CGA) Stock Technical Analysis
NYSE:CGA • US16943W2044
Taking everything into account, CGA scores 3 out of 10 in our technical rating. CGA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- CGA is part of the Chemicals industry. There are 83 other stocks in this industry, of which 73% are performing better than CGA.
- CGA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: CGA has an average volume of 17918 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the performance of all stocks over the past year, CGA turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
- In the last month CGA has a been trading in the 1.63 - 2.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CGA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.62
3 important support areas can be observed.
- A support zone ranging from 1.96 to 1.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.64 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @1.99 from a horizontal line in the weekly time frame.
- Resistance @2.09 from a horizontal line in the daily time frame.
- Resistance @2.27 from a trend line in the weekly time frame.
- Resistance @2.32 from a trend line in the daily time frame.
- A resistance zone ranging from 2.48 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for CGA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGA is neutral. |
| ChartMill Relative Strength | 41.44 | NEUTRAL | CGA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.19 | NEUTRAL | The RSI value for CGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CGA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for CGA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.06 | HIGH VOLATILITY | The high ATR as a percentage value for CGA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.99 | NEGATIVE | The low ADX value for CGA suggests a weak or negative trend. |
1.98
+0.01 (+0.51%)
CHINA GREEN AGRICULTURE INC / CGA FAQ
What is the ChartMill technical rating of CHINA GREEN AGRICULTURE INC (CGA) stock?
ChartMill assigns a technical rating of 3 / 10 to CGA.
What is the trend direction for CGA stock?
The current trend direction for CHINA GREEN AGRICULTURE INC (CGA) is Bearish.
What is the RSI signal for CHINA GREEN AGRICULTURE INC (CGA) stock?
CHINA GREEN AGRICULTURE INC (CGA) has an RSI value of 52.1903. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHINA GREEN AGRICULTURE INC?
The short term momentum for CHINA GREEN AGRICULTURE INC (CGA) is neutral.
What is the support and resistance level for CGA stock?
CHINA GREEN AGRICULTURE INC (CGA) has a support level at 1.97 and a resistance level at 1.99. Check the full technical report for our detailed analysis of CGA support and resistance levels.