COMPUTER MODELLING GROUP LTD (CMG.CA) Stock Technical Analysis
Canada - TSX:CMG - CA2052491057 - Common Stock
Taking everything into account, CMG scores 0 out of 10 in our technical rating. CMG'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.
Although the technical rating is bad, CMG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CMG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5.95
When analyzing the support we notice one important area.
- A support zone ranging from 6.01 to 6.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.44 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.82 from a trend line in the weekly time frame.
- Resistance @7.04 from a trend line in the daily time frame.
- A resistance zone ranging from 7.70 to 7.80. 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 | DOWN | NEGATIVE | The long term trend for CMG.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMG.CA is down. |
| ChartMill Relative Strength | 4.28 | NEGATIVE | CMG.CA has a low relative strength, it was outperformed by 95.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CMG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for CMG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMG.CA has a positive trend. |
| Stochastics (14,3) | 17.86 | OVERSOLD | The low Stochastics value suggests CMG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CMG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for CMG.CA suggests a weak or negative trend. |
TSX:CMG (10/3/2025, 7:00:00 PM)
6.24
+0.06 (+0.97%)