MEGALONG 3X CN GOLD LVRGD (CGMU.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CGMU - CA54315B7060 - ETF
Overall CGMU gets a technical rating of 1 out of 10. CGMU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, CGMU is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month CGMU has a been trading in the 24.34 - 163.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: CGMU has an average volume of 12028 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of CGMU is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
28.88
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 | NEUTRAL | NEUTRAL | The long term trend for CGMU.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGMU.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CGMU.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGMU.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CGMU.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 29.4 | OVERSOLD | The low RSI value suggests CGMU.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -13.24 | NEGATIVE | The MACD value suggests CGMU.CA has a negative trend. |
| Stochastics (14,3) | 1.97 | OVERSOLD | The low Stochastics value suggests CGMU.CA may be oversold. |
| Average True Range in percent/ATR (20) | 58.55 | HIGH VOLATILITY | The high ATR as a percentage value for CGMU.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.51 | POSITIVE | The high ADX value value for CGMU.CA suggests a strong trend. |
TSX:CGMU (1/28/2026, 7:00:00 PM)
29.17
+1.52 (+5.5%)
MEGALONG 3X CN GOLD LVRGD / CGMU.CA FAQ
What is the ChartMill technical rating of MEGALONG 3X CN GOLD LVRGD (CGMU.CA) stock?
ChartMill assigns a technical rating of 1 / 10 to CGMU.CA.
What is the trend direction for CGMU stock?
The current trend direction for MEGALONG 3X CN GOLD LVRGD (CGMU.CA) is Bearish.
What is the RSI signal for CGMU stock?
MEGALONG 3X CN GOLD LVRGD (CGMU.CA) has an RSI value of 29.3995. This indicates that the stock is currently oversold.
Can you provide the short term momentum for MEGALONG 3X CN GOLD LVRGD?
The short term momentum for MEGALONG 3X CN GOLD LVRGD (CGMU.CA) is negative.