CONTANGO ORE INC (CTGO) Stock Technical Analysis
NYSEARCA:CTGO - US21077F1003 - Common Stock
We assign a technical rating of 7 out of 10 to CTGO. Although CTGO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CTGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.45
2 important support areas can be observed.
- A support zone ranging from 21.20 to 22.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.64 to 18.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @23.69 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for CTGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTGO is up. |
| ChartMill Relative Strength | 48.87 | NEUTRAL | CTGO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CTGO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CTGO has a negative trend. |
| Stochastics (14,3) | 64.63 | NEUTRAL | The Stochastics value for CTGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for CTGO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for CTGO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.34 | 21.19 | 1.15 (5.15%) | 19.43% |
| An entry @22.34. This is a Buy Stop order right above the resistance zone. | An exit @21.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.15 points, which is 5.15%. | For a 1.00% total portfolio risk, you can invest 19.43% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTGO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:CTGO (9/11/2025, 12:26:05 PM)
22.37
+0.72 (+3.33%)