CENTERRA GOLD INC (CGAU) Technical Analysis
NYSE:CGAU • CA1520061021
Current stock price
CGAU Technical Rating and Analysis
Taking everything into account, CGAU scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGAU is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, CGAU did better than 96% of all other stocks. On top of that, CGAU also shows a nice and consistent pattern of rising prices.
- CGAU is one of the better performing stocks in the Metals & Mining industry, it outperforms 85% of 163 stocks in the same industry.
- CGAU 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 CGAU is lagging the market slightly.
- CGAU has an average volume of 2035400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CGAU has a been trading in the 16.48 - 20.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CGAU Weekly and Daily overview Charts
CGAU Setup Rating and Analysis
CGAU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 18.81, a Stop Loss order could be placed below this zone.
More info and screens
CGAU Support and Resistance Analysis
17.11
We found 2 important support areas.
- A support zone ranging from 18.10 to 18.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.28 to 17.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @19.85 from a trend line in the daily time frame.
CGAU Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for CGAU is neutral. |
| ChartMill Relative Strength | 96.29 | POSITIVE | CGAU has a high relative strength, it outperformed 96.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CGAU is below the rising 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) | UP | POSITIVE | The current price of CGAU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.09 | NEUTRAL | The RSI value for CGAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CGAU has a negative trend. |
| Stochastics (14,3) | 37.38 | NEUTRAL | The Stochastics value for CGAU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for CGAU suggests some volalility. |
| Average Directional Index/ADX (14) | 13.02 | NEGATIVE | The low ADX value for CGAU suggests a weak or negative trend. |
CGAU Chart- and CandleStick Pattern Analysis
CGAU Example Setup
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 |
|---|---|---|---|
| 19.86 | 18.16 | 1.70 (8.56%) | 11.68% |
| An entry @19.86. This is a Buy Stop order right above the resistance zone. | An exit @18.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.70 points, which is 8.56%. | When investing 11.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CGAU Technicals: Chart, Performance Metrics, Trend & Indicators
18.82
-0.15 (-0.79%)
CENTERRA GOLD INC / CGAU TA FAQ
What is the ChartMill technical rating of CENTERRA GOLD INC (CGAU) stock?
ChartMill assigns a technical rating of 10 / 10 to CGAU.
Can you provide the trend direction for CENTERRA GOLD INC?
The current trend direction for CENTERRA GOLD INC (CGAU) is Bullish.
What is the RSI signal for CGAU stock?
CENTERRA GOLD INC (CGAU) has an RSI value of 51.0897. This indicates that the stock is currently neutral.
What is the support and resistance level for CGAU stock?
CENTERRA GOLD INC (CGAU) has a support level at 18.81 and a resistance level at 19.85. Check the full technical report for our detailed analysis of CGAU support and resistance levels.