Taking everything into account, CTGO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTGO is showing a nice and steady performance.
Although CTGO 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.
More info and screens
20.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.29 to 23.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.54 to 21.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.22 to 26.40. 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 CTGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTGO is up. |
| ChartMill Relative Strength | 95.5 | POSITIVE | CTGO has a high relative strength, it outperformed 95.5% 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) | 65.94 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests CTGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.76 | OVERBOUGHT | The high Stochastics value suggests CTGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CTGO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.11 | NEUTRAL | The ADX value for CTGO suggests a possible start of a new trend. |
26.02
-0.2 (-0.76%)
CONTANGO ORE INC / CTGO FAQ
What is the technical rating for CTGO stock?
ChartMill assigns a technical rating of 10 / 10 to CTGO.
What is the current trend direction of CONTANGO ORE INC (CTGO) stock?
The current trend direction for CONTANGO ORE INC (CTGO) is Bullish.
What is the RSI signal for CTGO stock?
CONTANGO ORE INC (CTGO) has an RSI value of 65.9385. This indicates that the stock is currently neutral.
What is the buy/sell signal for CTGO stock?
The buy/sell signal for CONTANGO ORE INC (CTGO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CTGO stock?
CONTANGO ORE INC (CTGO) has a support level at 23.36. Check the full technical report for our detailed analysis of CTGO support and resistance levels.