CI MUNRO GLOBAL GROWTH EQTY (CMGG.CA) Stock Technical Analysis
TSX:CMGG - Toronto Stock Exchange - CA12561Q1081 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to CMGG. Although CMGG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CMGG has an average volume of 6698 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.
CMGG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CMGG is performing more or less in line with the market.
In the last month CMGG has a been trading in the 32.93 - 35.52 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CMGG is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although CMGG 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.
More info and screens
28.36
36.93
2 important support areas can be observed.
- A support zone ranging from 34.03 to 34.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.65 to 28.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @35.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.38 to 36.56. 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 | UP | POSITIVE | The long term trend for CMGG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMGG.CA is up. |
| ChartMill Relative Strength | 76.53 | POSITIVE | CMGG.CA has a high relative strength, it outperformed 76.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMGG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMGG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CMGG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.37 | OVERBOUGHT | The high RSI value suggests CMGG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CMGG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.74 | OVERBOUGHT | The high Stochastics value suggests CMGG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for CMGG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for CMGG.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:CMGG (6/6/2025, 7:00:00 PM)
35.5
+0.32 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.91%
1 Week2.81%
2 Weeks4.29%
1 Month7.48%
3 Month10.8%
6 Month4.23%
12 Month22.84%
2 Year77.94%
3 Year111.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%0.98%
ATR Inc1.17%
Range Today0.16
ADR(20)0.19
ADR(20)%0.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.53
Mansfield0.72
10 Day High35.52
10 Day Low34.22
20 Day High35.52
20 Day Low32.93
52 Week High36.69
52 Week Low26.5
CS1 End34.93
CR1 Start35.76
Volume & EV
DER(3)-0.77%
DER(5)-0.46%
Volume5.04K
Volume Incr-45.78%
Vol(5)4.38K
Vol(50)6.70K