CGG (CGG) Stock Technical Analysis
NYSE:CGG • US12531Q2049
Overall CGG gets a technical rating of 3 out of 10. CGG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CGG is a bad performer in the overall market: 84% of all stocks are doing better.
- CGG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: CGG has an average volume of 20814 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month CGG has a been trading in the 2.53 - 2.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CGG does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.33
We found 4 important support areas.
- A support zone ranging from 2.69 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.60 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.44 from a horizontal line in the weekly time frame.
- Support @2.35 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.85 to 2.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.94 from a horizontal line in the daily time frame.
- Resistance @3.51 from a trend line 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 | DOWN | NEGATIVE | The long term trend for CGG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGG is neutral. |
| ChartMill Relative Strength | 16.37 | NEGATIVE | CGG has a low relative strength, it was outperformed by 83.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.6 | NEUTRAL | The RSI value for CGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.7 | NEUTRAL | The Stochastics value for CGG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CGG suggests some volalility. |
NYSE:CGG (10/1/2018, 8:04:02 PM)
2.76
+0.05 (+1.85%)
CGG / CGG FAQ
Can you provide the ChartMill technical rating for CGG?
ChartMill assigns a technical rating of 3 / 10 to CGG.
What is the trend direction for CGG stock?
The current trend direction for CGG (CGG) is Bearish.
Can you provide the RSI signal for CGG?
CGG (CGG) has an RSI value of 51.6035. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CGG?
The MACD indicator for CGG (CGG) has a value of 0.00595577, indicating a bearish trend.
Can you provide the support and resistance levels for CGG?
CGG (CGG) has a support level at 2.73 and a resistance level at 2.85. Check the full technical report for our detailed analysis of CGG support and resistance levels.