CARTESIAN GROWTH CORP I-CL A (CGCT) Stock Technical Analysis
NASDAQ:CGCT - Nasdaq - Common Stock - Currency: USD
Taking everything into account, CGCT scores 4 out of 10 in our technical rating. CGCT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CGCT has an average technical rating and it also 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.
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9.89
When analyzing the support we notice one important area.
- A support zone ranging from 9.99 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.06 to 10.06. 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 CGCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGCT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CGCT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGCT is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 61.47 | NEUTRAL | The RSI value for CGCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests CGCT has a negative trend. |
| Stochastics (14,3) | 60.64 | NEUTRAL | The Stochastics value for CGCT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for CGCT suggests low volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for CGCT suggests a strong trend. |
10.05
0 (-0.03%)