Taking everything into account, CGGO scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGGO is showing a nice and steady performance.
Although CGGO has an excellent technical rating, it does not present a decent entry opportunity 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
32.18
We found 1 important support area.
- A support zone ranging from 32.51 to 34.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.21 to 35.52. 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 | UP | POSITIVE | The long term trend for CGGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGGO is up. |
| ChartMill Relative Strength | 73.44 | POSITIVE | CGGO has a high relative strength, it outperformed 73.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.74 | NEUTRAL | The RSI value for CGGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CGGO has a positive trend. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests CGGO may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for CGGO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.8 | NEGATIVE | The low ADX value for CGGO suggests a weak or negative trend. |
35.2
+0.17 (+0.49%)
CAP GROUP GLOBAL GROWTH / CGGO FAQ
What is the technical rating for CGGO stock?
ChartMill assigns a technical rating of 8 / 10 to CGGO.
Can you provide the trend direction for CAP GROUP GLOBAL GROWTH?
The current trend direction for CAP GROUP GLOBAL GROWTH (CGGO) is Bullish.
What is the RSI signal for CGGO stock?
CAP GROUP GLOBAL GROWTH (CGGO) has an RSI value of 59.7358. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CAP GROUP GLOBAL GROWTH?
The MACD indicator for CAP GROUP GLOBAL GROWTH (CGGO) has a value of 0.0407596, indicating a bearish trend.
Can you provide the support and resistance levels for CAP GROUP GLOBAL GROWTH?
CAP GROUP GLOBAL GROWTH (CGGO) has a support level at 34.73 and a resistance level at 35.21. Check the full technical report for our detailed analysis of CGGO support and resistance levels.