NASDAQ:CGBD - Nasdaq - US8722801029 - Common Stock - Currency: USD
Taking everything into account, CGBD scores 2 out of 10 in our technical rating. In the past year, CGBD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, CGBD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.21. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
13.27
2 important support areas can be observed.
When analyzing the resistance we notice 2 important areas.
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 CGBD is down. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGBD is neutral. |
ChartMill Relative Strength | 13.4 | NEGATIVE | CGBD has a low relative strength, it was outperformed by 86.6% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGBD is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGBD is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGBD is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for CGBD is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CGBD has a positive trend. |
Stochastics (14,3) | 41.58 | NEUTRAL | The Stochastics value for CGBD is a neutral value. |
Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for CGBD suggests low volalility. |
Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for CGBD suggests a weak or negative trend. |
14.2
+0.24 (+1.72%)