MEGALONG 3X CN GOLD LVRGD (CGMU.CA) Stock Technical Analysis
TSX:CGMU - Toronto Stock Exchange - CA54315B7060 - ETF - Currency: CAD
We assign a technical rating of 3 out of 10 to CGMU. In the last year, CGMU was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
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
20.40
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.38 to 23.64. 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 CGMU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGMU.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CGMU.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 44.37 | NEUTRAL | The RSI value for CGMU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests CGMU.CA has a negative trend. |
| Stochastics (14,3) | 49.9 | NEUTRAL | The Stochastics value for CGMU.CA is a neutral value. |
| Average Directional Index/ADX (14) | 23.88 | NEUTRAL | The ADX value for CGMU.CA suggests a possible start of a new trend. |
TSX:CGMU (7/8/2025, 7:00:00 PM)
20.61
-3.03 (-12.82%)