Cornerstone Capital Resources Inc (CGP.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:CGP - CA21922J6043 - Common Stock
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.
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
3.31
We found 2 important support 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.
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. |
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 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 trend direction for CGP stock?
The current trend direction for Cornerstone Capital Resources Inc (CGP.CA) is Bearish.
What is the RSI signal for CGP stock?
Cornerstone Capital Resources Inc (CGP.CA) has an RSI value of 58.9288. This indicates that the stock is currently neutral.
What is the MACD signal for Cornerstone Capital Resources Inc (CGP.CA) stock?
The MACD indicator for Cornerstone Capital Resources Inc (CGP.CA) has a value of 0.040394, indicating a bearish trend.
What is the short term momentum for CGP stock?
The short term momentum for Cornerstone Capital Resources Inc (CGP.CA) is neutral.