CGO Technical Analysis - COGECO INC

Technical Rating and Analysis

Overall CGO gets a technical rating of 3 out of 10. In the past year, CGO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

68% of all other stocks performed better in the past year than CGO.

CGO is part of the Diversified Telecommunication Services industry. There are 29 other stocks in this industry, of which 85% are performing better than CGO.

Warning: CGO has an average volume of 29977 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month CGO has a been trading in the 58.09 - 62.69 range, which is quite wide. It is currently trading near the high of this range.

CGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGO is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CGO has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.74

69.63

We found 4 important support areas.

A support zone ranging from 60.80 to 61.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 58.36 to 58.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @57.26 from a horizontal line in the daily time frame.
Support @53.27 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 68.86 to 68.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 CGO.CA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CGO.CA is up.
ChartMill Relative Strength	32.16	NEUTRAL	CGO.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CGO.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CGO.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CGO.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.88	NEUTRAL	The RSI value for CGO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests CGO.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.18	NEUTRAL	The Stochastics value for CGO.CA is a neutral value.
Average True Range in percent/ATR (20)	1.4	LOW VOLATILITY	The low ATR as a percentage value for CGO.CA suggests low volalility.
Average Directional Index/ADX (14)	22.38	NEUTRAL	The ADX value for CGO.CA suggests a possible start of a new trend.