CGG SA (CGG.PA) Stock Technical Analysis
Europe • Euronext Paris • EPA:CGG • FR0013181864
Taking everything into account, CGG scores 6 out of 10 in our technical rating. In the past year, CGG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- 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 an average performer in the Energy Equipment & Services industry, it outperforms 55% of 37 stocks in the same industry.
- CGG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGG is lagging the market.
- 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
We found 1 important support area.
- Support @0.40 from a trend line in the daily time frame.
When analyzing the resistance we notice one important 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. |
EPA:CGG (5/20/2024, 7:00:00 PM)
0.539
-0.02 (-3.68%)
CGG SA / CGG.PA FAQ
Can you provide the ChartMill technical rating for CGG SA?
ChartMill assigns a technical rating of 6 / 10 to CGG.PA.
What is the trend direction for CGG stock?
The current trend direction for CGG SA (CGG.PA) is Bearish.
Can you provide the RSI signal for CGG SA?
CGG SA (CGG.PA) has an RSI value of 68.3331. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CGG SA?
The MACD indicator for CGG SA (CGG.PA) has a value of 0.0142167, indicating a bearish trend.
Can you provide the support and resistance levels for CGG SA?
CGG SA (CGG.PA) has a support level at 0.4 and a resistance level at 0.57. Check the full technical report for our detailed analysis of CGG.PA support and resistance levels.