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CHINA GOLD INTERNATIONAL RES (CGG.CA) Stock Technical Analysis

TSX:CGG - Toronto Stock Exchange - CA16890P1036 - Common Stock - Currency: CAD

11.94  +0.1 (+0.84%)

Technical Rating and Analysis

8

Taking everything into account, CGG scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CGG has proven to be a steady performer, scoring decent points in every aspect analyzed.

In the last month CGG has a been trading in the 11.77 - 12.63 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CGG has an average volume of 12293 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CGG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Looking at the yearly performance, CGG did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CGG is part of the Metals & Mining industry. There are 805 other stocks in this industry, CGG did better than 61% of them.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
CHINA GOLD INTERNATIONAL RES / CGG Weekly stock chart
CHINA GOLD INTERNATIONAL RES / CGG Daily stock chart
Setup Rating and Analysis

8

CGG 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 12.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.93, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

7.70

12.66

We found 5 important support areas.

  • A support zone ranging from 11.83 to 11.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @9.76 from a trend line in the weekly time frame.
  • Support @9.38 from a trend line in the daily time frame.
  • Support @9.02 from a trend line in the daily time frame.
  • Support @7.78 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 12.52 to 12.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for CGG.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for CGG.CA is up.
ChartMill Relative Strength80.67POSITIVECGG.CA has a high relative strength, it outperformed 80.67% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CGG.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CGG.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of CGG.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)51.71NEUTRALThe RSI value for CGG.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.14NEGATIVEThe MACD value suggests CGG.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)22.48NEUTRALThe Stochastics value for CGG.CA is a neutral value.
Average True Range in percent/ATR (20)2.5MEDIUM VOLATILITYThe ATR as a percentage value for CGG.CA suggests some volalility.
Average Directional Index/ADX (14)25.15POSITIVEThe high ADX value value for CGG.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
12.1811.820.36 (2.96%)25.00%
An entry @12.18. This is a Buy Stop order right above the 10 day moving average.An exit @11.82. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.36 points, which is 2.96%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%.

  • The distance between exit and entry is rather small compared to the average daily movement of CGG. Please evaluate whether better entry and exit points can be found.
  • 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.
CHINA GOLD INTERNATIONAL RES / CGG Daily stock chart

CHINA GOLD INTERNATIONAL RES

TSX:CGG (7/11/2025, 7:00:00 PM)

11.94

+0.1 (+0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.84%
1 Week-2.45%
2 Weeks-4.17%
1 Month-4.02%
3 Month29.5%
6 Month39.49%
12 Month32.08%
2 Year125.71%
3 Year237.29%
5 Year811.45%
10 Year567.04%
15 Year200.76%
Volatility
ATR(14)0.32
ATR(20)%2.5%
ATR Inc-28.48%
Range Today0.1
ADR(20)0.26
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.67
Mansfield3.37
10 Day High12.63
10 Day Low11.77
20 Day High12.63
20 Day Low11.77
52 Week High12.63
52 Week Low5
CS1 End11.93
CR1 Start12.52
Volume & EV
DER(3)0%
DER(5)0%
Volume3.71K
Volume Incr-47.08%
Vol(5)7.29K
Vol(50)12.29K