We assign a technical rating of 6 out of 10 to CGCT. Although CGCT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, CGCT is a bad performer in the overall market: 100% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- In the last month CGCT has a been trading in a tight range between 10.16 and 10.42.
CGCT has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
9.90
When analyzing the support we notice one important area.
- A support zone ranging from 10.00 to 10.30. 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 10.33 to 10.34. 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). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGCT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60.92 | NEUTRAL | The RSI value for CGCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CGCT has a negative trend. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for CGCT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for CGCT suggests low volalility. |
| Average Directional Index/ADX (14) | 29.52 | POSITIVE | The high ADX value value for CGCT suggests a strong trend. |
10.31
-0.02 (-0.19%)
CARTESIAN GROWTH CORP I-CL A / CGCT FAQ
Can you provide the ChartMill technical rating for CARTESIAN GROWTH CORP I-CL A?
ChartMill assigns a technical rating of 6 / 10 to CGCT.
What is the current trend direction of CARTESIAN GROWTH CORP I-CL A (CGCT) stock?
The current trend direction for CARTESIAN GROWTH CORP I-CL A (CGCT) is Bullish.
Can you provide the RSI signal for CARTESIAN GROWTH CORP I-CL A?
CARTESIAN GROWTH CORP I-CL A (CGCT) has an RSI value of 60.919. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARTESIAN GROWTH CORP I-CL A?
The MACD indicator for CARTESIAN GROWTH CORP I-CL A (CGCT) has a value of -0.00608373, indicating a bearish trend.
What is the short term momentum for CARTESIAN GROWTH CORP I-CL A (CGCT) stock?
The short term momentum for CARTESIAN GROWTH CORP I-CL A (CGCT) is positive.