CAP GROUP DIVIDEND GROWERS (CGDG) Stock Technical Analysis
NYSEARCA:CGDG - NYSE Arca - US14021L1098 - ETF - Currency: USD
Taking everything into account, CGDG scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CGDG is only an average performer.
CGDG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 33.79. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CGDG 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
28.17
We found 4 important support areas.
- A support zone ranging from 33.65 to 33.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.83 to 32.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.45 from a horizontal line in the daily time frame.
- A support zone ranging from 28.45 to 29.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 CGDG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGDG is up. |
| ChartMill Relative Strength | 68.39 | NEUTRAL | CGDG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGDG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGDG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGDG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | NEUTRAL | The RSI value for CGDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CGDG has a negative trend. |
| Stochastics (14,3) | 65.4 | NEUTRAL | The Stochastics value for CGDG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for CGDG suggests low volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for CGDG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.97 | 33.49 | 0.48 (1.42%) | 25.00% |
| An entry @33.97. This is a Buy Stop order right above the resistance zone. | An exit @33.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.48 points, which is 1.42%. | For a 0.36% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.98
+0.2 (+0.59%)