CPOP Technical Analysis - POP CULTURE GROUP CO LTD-A

Technical Rating and Analysis

Overall CPOP gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CPOP is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

CPOP is part of the Entertainment industry. There are 80 other stocks in this industry. CPOP outperforms 96% of them.

CPOP has an average volume of 2980470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that CPOP is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this relatively good performance is mostly due to a recent big move.

CPOP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CPOP is lagging the market.

In the last month CPOP has a been trading in the 0.79 - 2.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POP CULTURE GROUP CO LTD-A / CPOP Weekly stock chart

POP CULTURE GROUP CO LTD-A / CPOP Daily stock chart

Setup Rating and Analysis

Although CPOP has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.93

1.65

We found 2 important support areas.

Support @1.03 from a trend line in the daily time frame.
Support @0.94 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.62 to 1.63. 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 CPOP is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CPOP is up.
ChartMill Relative Strength	97.04	POSITIVE	CPOP has a high relative strength, it outperformed 97.04% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CPOP is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CPOP is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CPOP is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.27	OVERBOUGHT	The high RSI value suggests CPOP may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests CPOP has a positive trend.
Stochastics (14,3)	50.73	NEUTRAL	The Stochastics value for CPOP is a neutral value.
Average True Range in percent/ATR (20)	11.38	HIGH VOLATILITY	The high ATR as a percentage value for CPOP suggests high volalility.
Average Directional Index/ADX (14)	67.57	POSITIVE	The high ADX value value for CPOP suggests a strong trend.