CGX Technical Analysis - CGRE AG

Technical Rating and Analysis

Overall CGX gets a technical rating of 7 out of 10. Although CGX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

100% of all other stocks performed better in the past year than CGX.

CGX is one of the lesser performing stocks in the Real Estate Management & Development industry. 89% of 75 stocks in the same industry do better.

Warning: CGX has an average volume of 1256 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month CGX has a been trading in the 7.00 - 13.00 range, which is quite wide. It is currently trading near the high of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CGX has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.61

14.96

We found 2 important support areas.

A support zone ranging from 12.79 to 12.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 7.69 to 7.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 14.81 to 14.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for CGX.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CGX.DE is up.
ChartMill Relative Strength	0	NEGATIVE	CGX.DE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CGX.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CGX.DE is above the rising SMA(50).
Relative Strength Index/RSI (14)	58.57	NEUTRAL	The RSI value for CGX.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests CGX.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	97.53	OVERBOUGHT	The high Stochastics value suggests CGX.DE may be overbought.
Average True Range in percent/ATR (20)	11.8	HIGH VOLATILITY	The high ATR as a percentage value for CGX.DE suggests high volalility.
Average Directional Index/ADX (14)	31.11	POSITIVE	The high ADX value value for CGX.DE suggests a strong trend.