CENTERRA GOLD INC (CGAU) Stock Technical Analysis
NYSE:CGAU - New York Stock Exchange, Inc. - CA1520061021 - Common Stock - Currency: USD
Overall CGAU gets a technical rating of 4 out of 10. CGAU has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CGAU is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 65% are performing better than CGAU.
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.
In the last month CGAU has a been trading in the 6.71 - 7.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CGAU has an average volume of 1071550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, CGAU outperforms 58% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
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 resistance zone just above the current price starting at 7.49. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CGAU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.56
7.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 7.20 to 7.22. 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 6.93 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.79 from a horizontal line in the daily time frame.
- Support @5.85 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.49 to 7.53. 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 | NEUTRAL | NEUTRAL | The long term trend for CGAU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGAU is neutral. |
| ChartMill Relative Strength | 58.03 | NEUTRAL | CGAU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGAU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGAU is above a declining 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) | 52.3 | 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) | 45.45 | NEUTRAL | The Stochastics value for CGAU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CGAU suggests some volalility. |
| Average Directional Index/ADX (14) | 10.46 | 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)
7.27
+0.26 (+3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.71%
1 Week3.41%
2 Weeks4.76%
1 Month3.86%
3 Month12.02%
6 Month14.13%
12 Month1.11%
2 Year21.57%
3 Year60.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.67%
ATR Inc-18.75%
Range Today0.3
ADR(20)0.24
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.03
Mansfield0.04
10 Day High7.59
10 Day Low6.71
20 Day High7.7
20 Day Low6.71
52 Week High7.82
52 Week Low5.41
CS1 End7.22
CR1 Start7.49
Volume & EV
DER(3)0.58%
DER(5)5.26%
Volume2.17M
Volume Incr78.52%
Vol(5)1.87M
Vol(50)1.07M