Cornerstone Capital Resources Inc (CGP.CA) Technical Analysis
TSX-V:CGP • CA21922J6043
Current stock price
CGP.CA Technical Rating and Analysis
Taking everything into account, CGP scores 3 out of 10 in our technical rating. In the last year, CGP was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- CGP is part of the Metals & Mining industry. There are 795 other stocks in this industry, of which 68% are performing better than CGP.
- Warning: CGP has an average volume of 14249 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month CGP has a been trading in the 3.20 - 4.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, CGP turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- CGP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGP is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CGP.CA Weekly and Daily overview Charts
CGP.CA Setup Rating and Analysis
The technical rating of CGP is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CGP.CA Support and Resistance Analysis
3.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.88 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.34 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.97 from a trend line in the daily time frame.
- A resistance zone ranging from 4.30 to 4.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
CGP.CA 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 CGP.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGP.CA is neutral. |
| ChartMill Relative Strength | 50.31 | NEUTRAL | CGP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGP.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGP.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CGP.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for CGP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CGP.CA has a positive trend. |
| Stochastics (14,3) | 57.14 | NEUTRAL | The Stochastics value for CGP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for CGP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.83 | POSITIVE | The high ADX value value for CGP.CA suggests a strong trend. |
CGP.CA Chart- and CandleStick Pattern Analysis
CGP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
Cornerstone Capital Resources Inc
TSX-V:CGP (2/28/2023, 7:00:00 PM)
3.9
+0.31 (+8.64%)
Cornerstone Capital Resources Inc / CGP.CA TA FAQ
Can you provide the ChartMill technical rating for Cornerstone Capital Resources Inc?
ChartMill assigns a technical rating of 3 / 10 to CGP.CA.
What is the current trend direction of Cornerstone Capital Resources Inc (CGP.CA) stock?
The current trend direction for Cornerstone Capital Resources Inc (CGP.CA) is Bearish.
What is the RSI signal for Cornerstone Capital Resources Inc (CGP.CA) stock?
Cornerstone Capital Resources Inc (CGP.CA) has an RSI value of 58.9288. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Cornerstone Capital Resources Inc?
The short term momentum for Cornerstone Capital Resources Inc (CGP.CA) is neutral.
Can you provide the support and resistance levels for Cornerstone Capital Resources Inc?
Cornerstone Capital Resources Inc (CGP.CA) has a support level at 3.89 and a resistance level at 3.97. Check the full technical report for our detailed analysis of CGP.CA support and resistance levels.