We assign a technical rating of 7 out of 10 to CGSM. Although CGSM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CGSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, CGSM turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- In the last month CGSM has a been trading in a tight range between 26.32 and 26.53.
CGSM has an excellent technical rating, but the quality of the setup is 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.
More info and screens
25.40
2 important support areas can be observed.
- A support zone ranging from 26.27 to 26.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.66 to 25.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 26.49 to 26.52. 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 CGSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGSM is up. |
| ChartMill Relative Strength | 42.5 | NEUTRAL | CGSM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.73 | NEUTRAL | The RSI value for CGSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.54 | OVERBOUGHT | The high Stochastics value suggests CGSM may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for CGSM suggests low volalility. |
| Average Directional Index/ADX (14) | 25.76 | POSITIVE | The high ADX value value for CGSM suggests a strong trend. |
26.48
-0.02 (-0.09%)
CAP GROUP SHORT MUNI INCOME / CGSM FAQ
Can you provide the ChartMill technical rating for CAP GROUP SHORT MUNI INCOME?
ChartMill assigns a technical rating of 7 / 10 to CGSM.
What is the current trend direction of CAP GROUP SHORT MUNI INCOME (CGSM) stock?
The current trend direction for CAP GROUP SHORT MUNI INCOME (CGSM) is Bullish.
Can you provide the RSI signal for CAP GROUP SHORT MUNI INCOME?
CAP GROUP SHORT MUNI INCOME (CGSM) has an RSI value of 66.7308. This indicates that the stock is currently neutral.
What is the buy/sell signal for CAP GROUP SHORT MUNI INCOME (CGSM) stock?
The buy/sell signal for CAP GROUP SHORT MUNI INCOME (CGSM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CAP GROUP SHORT MUNI INCOME (CGSM) stock?
CAP GROUP SHORT MUNI INCOME (CGSM) has a support level at 26.46 and a resistance level at 26.49. Check the full technical report for our detailed analysis of CGSM support and resistance levels.