CONCORDE INTERNATION-CLASS A (CIGL) Technical Analysis
NASDAQ:CIGL • VGG2452S1002
Current stock price
CIGL Technical Rating and Analysis
Taking everything into account, CIGL scores 1 out of 10 in our technical rating. CIGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CIGL is a bad performer in the overall market: 100% of all stocks are doing better.
- CIGL is one of the lesser performing stocks in the Commercial Services & Supplies industry. 91% of 79 stocks in the same industry do better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month CIGL has a been trading in the 1.58 - 2.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CIGL Weekly and Daily overview Charts
CIGL Setup Rating and Analysis
The technical rating of CIGL is bad and it also does not present a quality setup 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
CIGL Support and Resistance Analysis
1.44
We found 3 important support areas.
- Support @1.70 from a horizontal line in the daily time frame.
- Support @1.61 from a horizontal line in the weekly time frame.
- Support @1.45 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.09 to 2.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.59 from a trend line in the daily time frame.
CIGL 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 | DOWN | NEGATIVE | The long term trend for CIGL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIGL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CIGL 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 CIGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CIGL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CIGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.52 | NEUTRAL | The RSI value for CIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CIGL has a positive trend. |
| Stochastics (14,3) | 40.6 | NEUTRAL | The Stochastics value for CIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 10.17 | HIGH VOLATILITY | The high ATR as a percentage value for CIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.85 | NEGATIVE | The low ADX value for CIGL suggests a weak or negative trend. |
CIGL Chart- and CandleStick Pattern Analysis
CIGL Technicals: Chart, Performance Metrics, Trend & Indicators
1.99
+0.29 (+17.06%)
CONCORDE INTERNATION-CLASS A / CIGL TA FAQ
Can you provide the ChartMill technical rating for CONCORDE INTERNATION-CLASS A?
ChartMill assigns a technical rating of 1 / 10 to CIGL.
What is the trend direction for CIGL stock?
The current trend direction for CONCORDE INTERNATION-CLASS A (CIGL) is Bearish.
What is the RSI signal for CIGL stock?
CONCORDE INTERNATION-CLASS A (CIGL) has an RSI value of 56.5175. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CONCORDE INTERNATION-CLASS A?
CONCORDE INTERNATION-CLASS A (CIGL) has a support level at 1.7 and a resistance level at 2.09. Check the full technical report for our detailed analysis of CIGL support and resistance levels.