MEGASHORT -3X CN GLD LVRGD (CGMD.CA) Stock Technical Analysis
Canada - TSX:CGMD - CA54315B8548 - ETF
Taking everything into account, CGMD scores 1 out of 10 in our technical rating. CGMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CGMD has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
4.01
We found 1 important support area.
- A support zone ranging from 4.05 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.58 from a horizontal line in the daily 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 CGMD.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGMD.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CGMD.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGMD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CGMD.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 43.23 | NEUTRAL | The RSI value for CGMD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CGMD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.53 | NEUTRAL | The Stochastics value for CGMD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.29 | HIGH VOLATILITY | The high ATR as a percentage value for CGMD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.71 | NEUTRAL | The ADX value for CGMD.CA suggests a possible start of a new trend. |
TSX:CGMD (11/6/2025, 7:00:00 PM)
4.16
+0.03 (+0.73%)
MEGASHORT -3X CN GLD LVRGD / CGMD.CA FAQ
Can you provide the ChartMill technical rating for MEGASHORT -3X CN GLD LVRGD?
ChartMill assigns a technical rating of 1 / 10 to CGMD.CA.
Can you provide the trend direction for MEGASHORT -3X CN GLD LVRGD?
The current trend direction for MEGASHORT -3X CN GLD LVRGD (CGMD.CA) is Bearish.
Can you provide the RSI signal for MEGASHORT -3X CN GLD LVRGD?
MEGASHORT -3X CN GLD LVRGD (CGMD.CA) has an RSI value of 43.2281. This indicates that the stock is currently neutral.
What is the short term momentum for MEGASHORT -3X CN GLD LVRGD (CGMD.CA) stock?
The short term momentum for MEGASHORT -3X CN GLD LVRGD (CGMD.CA) is negative.
What is the support and resistance level for CGMD stock?
MEGASHORT -3X CN GLD LVRGD (CGMD.CA) has a support level at 4.06 and a resistance level at 4.58. Check the full technical report for our detailed analysis of CGMD.CA support and resistance levels.