CONCORDE INTERNATION-CLASS A (CIGL) Stock Technical Analysis
NASDAQ:CIGL • VGG2452S1002
Taking everything into account, CIGL scores 0 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 100% of all other stocks performed better in the past year than CIGL.
- CIGL is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, of which 93% are performing better than CIGL.
- In the last month CIGL has a been trading in the 1.41 - 3.76 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
CIGL has a poor technical rating and the quality of the setup is also not perfect 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
1.59
We found 1 important support area.
- A support zone ranging from 1.61 to 1.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @2.17 from a trend line in the weekly time frame.
- Resistance @2.28 from a trend line in the daily time frame.
- Resistance @2.38 from a trend line in the daily time frame.
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) | DOWN | NEGATIVE | The current price of CIGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIGL is below 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) | 49.06 | NEUTRAL | The RSI value for CIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CIGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.5 | OVERSOLD | The low Stochastics value suggests CIGL may be oversold. |
| Average True Range in percent/ATR (20) | 16.53 | HIGH VOLATILITY | The high ATR as a percentage value for CIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.86 | POSITIVE | The high ADX value value for CIGL suggests a strong trend. |
1.86
+0.28 (+17.72%)
CONCORDE INTERNATION-CLASS A / CIGL FAQ
Can you provide the ChartMill technical rating for CONCORDE INTERNATION-CLASS A?
ChartMill assigns a technical rating of 0 / 10 to CIGL.
What is the trend direction for CIGL stock?
The current trend direction for CONCORDE INTERNATION-CLASS A (CIGL) is Bearish.
Can you provide the RSI signal for CONCORDE INTERNATION-CLASS A?
CONCORDE INTERNATION-CLASS A (CIGL) has an RSI value of 49.0573. This indicates that the stock is currently neutral.
What is the MACD signal for CIGL stock?
The MACD indicator for CONCORDE INTERNATION-CLASS A (CIGL) has a value of -0.0440425, indicating a bearish trend.
What is the support and resistance level for CIGL stock?
CONCORDE INTERNATION-CLASS A (CIGL) has a support level at 1.62 and a resistance level at 2.17. Check the full technical report for our detailed analysis of CIGL support and resistance levels.