CAP GROUP MUNI HIGH-INCOME (CGHM) Stock Technical Analysis
USA - NYSEARCA:CGHM - US14020Y8057 - ETF
Overall CGHM gets a technical rating of 5 out of 10. In the last year, CGHM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CGHM 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. There is a resistance zone just above the current price starting at 25.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGHM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.81
We found 3 important support areas.
- A support zone ranging from 25.22 to 25.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @24.45 from a horizontal line in the daily time frame.
- A support zone ranging from 24.05 to 24.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.62 to 25.88. 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 CGHM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGHM is neutral. |
| ChartMill Relative Strength | 60.05 | NEUTRAL | CGHM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGHM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGHM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGHM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.84 | NEUTRAL | The RSI value for CGHM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CGHM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.44 | NEUTRAL | The Stochastics value for CGHM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for CGHM suggests low volalility. |
| Average Directional Index/ADX (14) | 21.47 | NEUTRAL | The ADX value for CGHM suggests a possible start of a new trend. |
25.595
+0.05 (+0.2%)
CAP GROUP MUNI HIGH-INCOME / CGHM FAQ
What is the ChartMill technical rating of CAP GROUP MUNI HIGH-INCOME (CGHM) stock?
ChartMill assigns a technical rating of 5 / 10 to CGHM.
What is the trend direction for CGHM stock?
The current trend direction for CAP GROUP MUNI HIGH-INCOME (CGHM) is Bullish.
What is the RSI signal for CGHM stock?
CAP GROUP MUNI HIGH-INCOME (CGHM) has an RSI value of 55.8377. This indicates that the stock is currently neutral.
What is the MACD signal for CGHM stock?
The MACD indicator for CAP GROUP MUNI HIGH-INCOME (CGHM) has a value of -0.0157972, indicating a bearish trend.
Can you provide the short term momentum for CAP GROUP MUNI HIGH-INCOME?
The short term momentum for CAP GROUP MUNI HIGH-INCOME (CGHM) is neutral.