CGG (CGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CGG - US12531Q2049
We assign a technical rating of 3 out of 10 to CGG. CGG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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. Another positive sign is the recent Pocket Pivot signal.
- 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
When analyzing the support we can see 4 important 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.
When analyzing the resistance we notice 3 important areas.
- 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.
Can you provide the trend direction for CGG?
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.
What is the MACD signal for CGG (CGG) stock?
The MACD indicator for CGG (CGG) has a value of 0.00595577, indicating a bearish trend.
What are the support and resistance levels for CGG (CGG) stock?
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.