CENTERRA GOLD INC (CGAU) Stock Technical Analysis
NYSE:CGAU - New York Stock Exchange, Inc. - CA1520061021 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CGAU. Although CGAU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
CGAU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CGAU is performing more or less in line with the market.
Looking at the yearly performance, CGAU did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CGAU is part of the Metals & Mining industry. There are 155 other stocks in this industry, CGAU did better than 46% of them.
In the last month CGAU has a been trading in the 6.35 - 7.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CGAU has an excellent technical rating, it does not offer a high quality setup 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
5.56
7.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.98 to 7.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.37 to 6.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.62 to 5.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.50 to 7.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.79 to 7.80. 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 CGAU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGAU is up. |
| ChartMill Relative Strength | 79.68 | POSITIVE | CGAU has a high relative strength, it outperformed 79.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGAU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGAU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CGAU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for CGAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CGAU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.15 | NEUTRAL | The Stochastics value for CGAU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CGAU suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for CGAU suggests a weak or negative 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)
7.24
+0.13 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.83%
1 Week-3.85%
2 Weeks4.17%
1 Month-0.55%
3 Month23.97%
6 Month24.19%
12 Month6.16%
2 Year20.67%
3 Year7.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%3.35%
ATR Inc83.83%
Range Today0.18
ADR(20)0.21
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.68
Mansfield0.58
10 Day High7.7
10 Day Low6.85
20 Day High7.7
20 Day Low6.35
52 Week High7.82
52 Week Low5.41
CS1 End7.08
CR1 Start7.5
Volume & EV
DER(3)1.35%
DER(5)4.24%
Volume791.50K
Volume Incr-11.4%
Vol(5)902.08K
Vol(50)913.46K