CARTESIAN GROWTH CORP I-CL A (CGCT) Stock Technical Analysis
NASDAQ:CGCT • KYG193071001
Taking everything into account, CGCT scores 4 out of 10 in our technical rating. In the last year, CGCT was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- 100% of all other stocks performed better in the past year than CGCT.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month CGCT has a been trading in a tight range between 10.23 and 10.35.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CGCT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.27, a Stop Loss order could be placed below this zone.
More info and screens
9.90
We found 1 important support area.
- A support zone ranging from 10.00 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.29 to 10.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CGCT is neutral. |
| 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) | DOWN | NEGATIVE | The current price of CGCT is below a declining 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) | 48.92 | NEUTRAL | The RSI value for CGCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CGCT has a negative trend. |
| Stochastics (14,3) | 32.3 | NEUTRAL | The Stochastics value for CGCT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for CGCT suggests low volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for CGCT suggests a possible start of a new trend. |
10.28
-0.01 (-0.1%)
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 4 / 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 48.9184. 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 -0.00344867, 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 neutral.