CHINA GOLD INTERNATIONAL RES (CGG.CA) Stock Technical Analysis
TSX:CGG - Toronto Stock Exchange - CA16890P1036 - Common Stock - Currency: CAD
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.
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.
More info and screens
7.70
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.
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 CGG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGG.CA is up. |
| ChartMill Relative Strength | 80.67 | POSITIVE | CGG.CA has a high relative strength, it outperformed 80.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.71 | NEUTRAL | The RSI value for CGG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CGG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.48 | NEUTRAL | The Stochastics value for CGG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for CGG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.15 | POSITIVE | The high ADX value value for CGG.CA 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 |
|---|---|---|---|
| 12.18 | 11.82 | 0.36 (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.
TSX:CGG (7/11/2025, 7:00:00 PM)
11.94
+0.1 (+0.84%)