(CGGD.AS) Stock Technical Analysis
Europe - Euronext Amsterdam - AMS:CGGD - IE00BL0BMG90 - ETF
Taking everything into account, CGGD scores 6 out of 10 in our technical rating. Although CGGD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CGGD has an average technical rating and also the quality of the setup is only medium 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.
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3.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.81 to 3.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.69 from a horizontal line in the daily time frame.
- A support zone ranging from 3.58 to 3.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.93 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages 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 CGGD.AS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGGD.AS is neutral. |
| ChartMill Relative Strength | 43.44 | NEUTRAL | CGGD.AS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CGGD.AS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGGD.AS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGGD.AS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.91 | NEUTRAL | The RSI value for CGGD.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CGGD.AS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.75 | NEUTRAL | The Stochastics value for CGGD.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for CGGD.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for CGGD.AS suggests a weak or negative 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 |
|---|---|---|---|
| 3.95 | 3.83 | 0.12 (3.07%) | 25.00% |
| An entry @3.95. This is a Buy Stop order right above the 10 day high. | An exit @3.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
/ CGGD.AS FAQ
Can you provide the ChartMill technical rating for ?
ChartMill assigns a technical rating of 6 / 10 to CGGD.AS.
What is the trend direction for CGGD stock?
The current trend direction for (CGGD.AS) is Bullish.
What is the RSI signal for CGGD stock?
(CGGD.AS) has an RSI value of 51.9098. This indicates that the stock is currently neutral.
What is the MACD signal for CGGD stock?
The MACD indicator for (CGGD.AS) has a value of -0.0107188, indicating a bearish trend.
What are the support and resistance levels for (CGGD.AS) stock?
(CGGD.AS) has a support level at 3.92 and a resistance level at 3.93. Check the full technical report for our detailed analysis of CGGD.AS support and resistance levels.