CHINA GREEN AGRICULTURE INC (CGA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CGA - US16943W2044 - Common Stock
We assign a technical rating of 3 out of 10 to CGA. 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.
Although the technical rating is bad, CGA does present a nice setup opportunity. 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
We found 3 important support areas.
- 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.
When analyzing the resistance we notice 5 important 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 current trend direction of CHINA GREEN AGRICULTURE INC (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.
What is the MACD signal for CHINA GREEN AGRICULTURE INC (CGA) stock?
The MACD indicator for CHINA GREEN AGRICULTURE INC (CGA) has a value of 0.0191385, indicating a bearish trend.
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.