NYSEARCA:CTGO - NYSE Arca - US21077F1003 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CTGO. In the last year, CTGO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CTGO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 19.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
19.09
We found 1 important support area.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The short term trend for CTGO is neutral. |
ChartMill Relative Strength | 71.04 | POSITIVE | CTGO has a high relative strength, it outperformed 71.04% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTGO is below 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) | 49.92 | NEUTRAL | The RSI value for CTGO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CTGO has a negative trend. |
Stochastics (14,3) | 61.79 | NEUTRAL | The Stochastics value for CTGO is a neutral value. |
Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CTGO suggests some volalility. |
Average Directional Index/ADX (14) | 16.42 | NEGATIVE | The low ADX value for CTGO suggests a weak or negative 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 |
---|---|---|---|
20.38 | 19.27 | 1.11 (5.45%) | 18.36% |
An entry @20.38. This is a Buy Stop order right above the resistance zone. | An exit @19.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.11 points, which is 5.45%. | For a 1.00% total portfolio risk, you can invest 18.36% of your capital in this trade. |
19.91
-0.45 (-2.21%)