Cornerstone Capital Resources Inc (CGP.CA) Technical Analysis
TSX-V:CGP • CA21922J6043
Current stock price
3.9 CAD
+0.31 (+8.64%)
Last:
CGP.CA Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to CGP. CGP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- CGP is one of the lesser performing stocks in the Metals & Mining industry. 68% of 822 stocks in the same industry do better.
- 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 trading in the upper part of its 52 week range, so CGP is lagging the market slightly.
- 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
4.35
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
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg8.64%
1 Week16.42%
2 Weeks12.07%
1 Month-1.76%
3 Month-13.33%
6 Month17.82%
12 Month2.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%2.95%
ATR Inc250%
Range Today0.35
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.31
3 months CRSN/A
6 months CRSN/A
Mansfield0.63
10 Day High4
10 Day Low3.2
20 Day High4
20 Day Low3.2
52 Week High5.28
52 Week Low2.57
CS1 End3.89
CR1 Start3.97
Volume & EV
DER(3)-11.35%
DER(5)-1.37%
Volume98.42K
Volume Incr348.93%
Vol(5)35.17K
Vol(50)14.25K
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 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 CGP stock?
The MACD indicator for Cornerstone Capital Resources Inc (CGP.CA) has a value of 0.040394, indicating a bearish trend.