COGECO INC (CGO.CA) Stock Technical Analysis
TSX:CGO - Toronto Stock Exchange - CA19238T1003 - Common Stock - Currency: CAD
Taking everything into account, CGO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGO is showing a nice and steady performance.
Warning: CGO has an average volume of 15974 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CGO did better than 80% of all other stocks. On top of that, CGO also shows a nice and consistent pattern of rising prices.
CGO is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 82% of 30 stocks in the same industry.
CGO is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CGO is leading the market.
In the last month CGO has a been trading in the 62.18 - 67.51 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for CGO 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
45.37
67.15
When analyzing the support we can see 5 important areas.
- A support zone ranging from 64.57 to 65.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.69 to 62.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.04 to 57.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.57 from a horizontal line in the daily time frame.
- Support @45.83 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 65.77 to 66.49. 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 CGO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGO.CA is up. |
| ChartMill Relative Strength | 80.19 | POSITIVE | CGO.CA has a high relative strength, it outperformed 80.19% off all stocks 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) | UP | POSITIVE | The current price of CGO.CA is above the rising 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) | 58.83 | NEUTRAL | The RSI value for CGO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CGO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.86 | OVERBOUGHT | The high Stochastics value suggests CGO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CGO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.44 | NEGATIVE | The low ADX value for CGO.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 66.50 | 64.56 | 1.94 (2.92%) | 25.00% |
| An entry @66.50. This is a Buy Stop order right above the resistance zone. | An exit @64.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.94 points, which is 2.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The distance between exit and entry is rather small compared to the average daily movement of CGO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CGO (6/6/2025, 7:00:00 PM)
65.76
-0.37 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-0.56%
1 Week0.26%
2 Weeks1.42%
1 Month0.95%
3 Month10.02%
6 Month1.59%
12 Month32.53%
2 Year17.7%
3 Year-3.65%
5 Year-18.83%
10 Year14.7%
15 Year119.2%
Volatility
ATR(14)1.42
ATR(20)%2.22%
ATR Inc46.79%
Range Today2.49
ADR(20)1.41
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.19
Mansfield0.82
10 Day High67.51
10 Day Low63.08
20 Day High67.51
20 Day Low62.18
52 Week High67.51
52 Week Low46.25
CS1 End65.2
CR1 Start65.77
Volume & EV
DER(3)2.41%
DER(5)5.16%
Volume10.10K
Volume Incr10.8%
Vol(5)9.88K
Vol(50)15.97K