CGG SA (CGG.PA) Stock Technical Analysis
EPA:CGG - Euronext Paris - Matif - FR0013181864 - Common Stock - Currency: EUR
We assign a technical rating of 6 out of 10 to CGG. CGG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CGG is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 76% of 35 stocks in the same industry.
In the last month CGG has a been trading in the 0.39 - 0.60 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CGG has an average volume of 7462110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CGG outperforms 63% of them, which is more or less in line with the market.
CGG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CGG is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CGG has an average technical rating and it also does not offer a high quality setup 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
0.40
0.58
We found 1 important support area.
- Support @0.40 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.57 to 0.57. 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 | NEUTRAL | NEUTRAL | The long term trend for CGG.PA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGG.PA is up. |
| ChartMill Relative Strength | 63.4 | NEUTRAL | CGG.PA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGG.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGG.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGG.PA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.33 | NEUTRAL | The RSI value for CGG.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGG.PA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.53 | OVERBOUGHT | The high Stochastics value suggests CGG.PA may be overbought. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for CGG.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.97 | POSITIVE | The high ADX value value for CGG.PA suggests a strong trend. |
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)
EPA:CGG (5/20/2024, 7:00:00 PM)
0.539
-0.02 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.68%
1 Week20.8%
2 Weeks32.76%
1 Month26.26%
3 Month36.21%
6 Month-13.57%
12 Month-18.68%
2 Year-47.72%
3 Year-39.42%
5 Year-59.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.78%
ATR Inc35.94%
Range Today0.03
ADR(20)0.02
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.4
Mansfield-1.96
10 Day High0.6
10 Day Low0.4
20 Day High0.6
20 Day Low0.39
52 Week High0.82
52 Week Low0.36
CS1 End0.4
CR1 Start0.57
Volume & EV
DER(3)-1.67%
DER(5)0.01%
Volume7.10M
Volume Incr217.8%
Vol(5)15.39M
Vol(50)7.46M