CONTANGO ORE INC (CTGO) Stock Technical Analysis
USA - NYSEARCA:CTGO - US21077F1003 - Common Stock
22.51 USD
-0.34 (-1.49%)
22.97 USD
+0.46 (+2.04%)
We assign a technical rating of 5 out of 10 to CTGO. CTGO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
CTGO is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 74% are performing better than CTGO.
In the last month CTGO has a been trading in the 22.28 - 26.88 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CTGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTGO is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, CTGO turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
CTGO has an average technical rating and also the quality of the setup is only medium 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
22.28
22.74
When analyzing the support we notice one important area.
- A support zone ranging from 22.50 to 22.50. 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 | DOWN | NEGATIVE | The short term trend for CTGO is down. |
| ChartMill Relative Strength | 58.37 | NEUTRAL | CTGO is not amongst the best or worst performers 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 | MIXED | The current price of CTGO is below 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) | 40.4 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests CTGO has a negative trend. |
| Stochastics (14,3) | 7.25 | OVERSOLD | The low Stochastics value suggests CTGO may be oversold. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for CTGO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for CTGO suggests a possible start of a new 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)
22.51
-0.34 (-1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.49%
1 Week-11.27%
2 Weeks-8.38%
1 Month-6.48%
3 Month13.06%
6 Month61.71%
12 Month-0.35%
2 Year32.02%
3 Year-6.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%5.59%
ATR Inc-25.41%
Range Today0.98
ADR(20)1.19
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
CRS58.37
3 months CRS81.4
6 months CRS88.39
Mansfield2.5
10 Day High26.88
10 Day Low22.28
20 Day High26.88
20 Day Low22.28
52 Week High26.88
52 Week Low8.85
CS1 End22.5
CR1 StartN/A
Volume & EV
DER(3)-0.92%
DER(5)2.77%
Volume80.00K
Volume Incr-44.28%
Vol(5)97.67K
Vol(50)128.54K