CGY Technical Analysis - CALIAN GROUP LTD

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to CGY. Although CGY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

61% of all other stocks performed better in the past year than CGY.

Warning: CGY has an average volume of 22008 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

CGY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CGY has a been trading in the 48.51 - 53.74 range, which is quite wide. It is currently trading near the high of this range.

CGY is an average performer in the Commercial Services & Supplies industry, it outperforms 52% of 24 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CALIAN GROUP LTD / CGY Weekly stock chart

CALIAN GROUP LTD / CGY Daily stock chart

Setup Rating and Analysis

Although CGY has an excellent technical rating, the quality of the presented setup is not ideal 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

45.36

53.94

5 important support areas can be observed.

A support zone ranging from 51.93 to 52.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 50.44 to 51.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @48.23 from a trend line in the daily time frame.
A support zone ranging from 47.06 to 47.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @45.82 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 53.21 to 53.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 CGY.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CGY.CA is up.
ChartMill Relative Strength	39.62	NEUTRAL	CGY.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CGY.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CGY.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CGY.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.43	NEUTRAL	The RSI value for CGY.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.23	POSITIVE	The MACD value suggests CGY.CA has a positive trend.
Stochastics (14,3)	78.54	NEUTRAL	The Stochastics value for CGY.CA is a neutral value.
Average True Range in percent/ATR (20)	2.38	MEDIUM VOLATILITY	The ATR as a percentage value for CGY.CA suggests some volalility.
Average Directional Index/ADX (14)	20.2	NEUTRAL	The ADX value for CGY.CA suggests a possible start of a new trend.