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 6 out of 10 to CGAU. In the last year, CGAU was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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.
When comparing the yearly performance of all stocks, we notice that CGAU is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CGAU is an average performer in the Metals & Mining industry, it outperforms 44% of 154 stocks in the same industry.
In the last month CGAU has a been trading in the 6.90 - 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 the technical rating is only medium, CGAU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.05, a Stop Loss order could be placed below this zone.
More info and screens
5.56
7.68
We found 3 important support areas.
- A support zone ranging from 6.90 to 7.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.78 from a trend line in the weekly time frame.
- A support zone ranging from 5.62 to 5.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 7.49 to 7.60. 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 | 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 | 71.97 | POSITIVE | CGAU has a high relative strength, it outperformed 71.97% 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) | UP | POSITIVE | The current price of CGAU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.66 | NEUTRAL | The RSI value for CGAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CGAU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.34 | NEUTRAL | The Stochastics value for CGAU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CGAU suggests some volalility. |
| Average Directional Index/ADX (14) | 12.57 | 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)
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 |
|---|---|---|---|
| 7.23 | 6.96 | 0.27 (3.73%) | 25.00% |
| An entry @7.23. This is a Buy Stop order right above the resistance zone. | An exit @6.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.27 points, which is 3.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of CGAU. Please evaluate whether better entry and exit points can be found.
- 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.
7.27
+0.06 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.83%
1 Week3.12%
2 Weeks1.68%
1 Month-3.45%
3 Month29.59%
6 Month25.56%
12 Month6.44%
2 Year14.13%
3 Year16.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%3.06%
ATR Inc-12.65%
Range Today0.13
ADR(20)0.2
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.97
Mansfield0.35
10 Day High7.44
10 Day Low6.9
20 Day High7.7
20 Day Low6.9
52 Week High7.82
52 Week Low5.41
CS1 End7.05
CR1 Start7.12
Volume & EV
DER(3)-1.57%
DER(5)0.6%
Volume371.90K
Volume Incr-16.72%
Vol(5)781.54K
Vol(50)902.72K