CONTANGO ORE INC (CTGO) Stock Technical Analysis
NYSEARCA:CTGO - NYSE Arca - US21077F1003 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CTGO. Both in the recent history as in the last year, CTGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CTGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 86% of 154 stocks in the same industry.
CTGO 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 CTGO is performing more or less in line with the market.
In the last month CTGO has a been trading in the 14.91 - 21.16 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 CTGO is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CTGO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 20.85, a Stop Loss order could be placed below this zone.
More info and screens
15.51
24.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.26 to 20.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.49 to 19.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.67 to 15.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.85 to 20.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 23.69 to 23.92. This zone is formed by a combination of multiple trend lines 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 | 96.24 | POSITIVE | CTGO has a high relative strength, it outperformed 96.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTGO is above the rising 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) | 67.87 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CTGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.77 | OVERBOUGHT | The high Stochastics value suggests CTGO may be overbought. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for CTGO suggests high volalility. |
| Average Directional Index/ADX (14) | 43.81 | POSITIVE | The high ADX value value for CTGO suggests a strong 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)
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 |
|---|---|---|---|
| 21.00 | 20.25 | 0.75 (3.57%) | 25.00% |
| An entry @21.00. This is a Buy Stop order right above the resistance zone. | An exit @20.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.75 points, which is 3.57%. | For a 0.89% total portfolio risk, you can invest 25.00% 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 (6/17/2025, 2:53:57 PM)
20.75
-0.23 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.1%
1 Week2.94%
2 Weeks3.5%
1 Month42.14%
3 Month117.41%
6 Month103.69%
12 Month24.96%
2 Year-17.66%
3 Year-12.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%5.33%
ATR Inc-19.13%
Range Today0.98
ADR(20)1.09
ADR(20)%5.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.24
Mansfield2.53
10 Day High21.16
10 Day Low19.39
20 Day High21.16
20 Day Low14.91
52 Week High23.95
52 Week Low8.85
CS1 End20.85
CR1 Start20.99
Volume & EV
DER(3)0.93%
DER(5)-0.35%
Volume46.24K
Volume Incr-52.22%
Vol(5)61.94K
Vol(50)126.55K