We assign a technical rating of 6 out of 10 to CGGR. Although CGGR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CGGR has an average technical rating and the quality of the presented setup is also not ideal 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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29.73
We found 4 important support areas.
- A support zone ranging from 44.12 to 45.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.75 to 43.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.50 from a horizontal line in the weekly time frame.
- Support @30.03 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.53 to 45.69. 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 CGGR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGGR is up. |
| ChartMill Relative Strength | 70.47 | POSITIVE | CGGR has a high relative strength, it outperformed 70.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGGR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.6 | NEUTRAL | The RSI value for CGGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CGGR has a positive trend. |
| Stochastics (14,3) | 81.06 | OVERBOUGHT | The high Stochastics value suggests CGGR may be overbought. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for CGGR suggests low volalility. |
| Average Directional Index/ADX (14) | 9.71 | NEGATIVE | The low ADX value for CGGR 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 |
|---|---|---|---|
| 45.70 | 44.26 | 1.44 (3.16%) | 25.00% |
| An entry @45.70. This is a Buy Stop order right above the resistance zone. | An exit @44.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.44 points, which is 3.16%. | For a 0.79% 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.
45.52
+0.33 (+0.73%)
CAP GROUP GROWTH EQUITY / CGGR FAQ
Can you provide the ChartMill technical rating for CAP GROUP GROWTH EQUITY?
ChartMill assigns a technical rating of 6 / 10 to CGGR.
What is the current trend direction of CAP GROUP GROWTH EQUITY (CGGR) stock?
The current trend direction for CAP GROUP GROWTH EQUITY (CGGR) is Bullish.
What is the RSI signal for CGGR stock?
CAP GROUP GROWTH EQUITY (CGGR) has an RSI value of 61.5966. This indicates that the stock is currently neutral.
What is the MACD signal for CAP GROUP GROWTH EQUITY (CGGR) stock?
The MACD indicator for CAP GROUP GROWTH EQUITY (CGGR) has a value of 0.0574358, indicating a bearish trend.
What is the short term momentum for CGGR stock?
The short term momentum for CAP GROUP GROWTH EQUITY (CGGR) is positive.