CONTANGO ORE INC (CTGO) Stock Technical Analysis
NYSEARCA:CTGO - NYSE Arca - US21077F1003 - Common Stock - Currency: USD
Overall CTGO gets a technical rating of 9 out of 10. 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 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.
In the last month CTGO has a been trading in the 18.19 - 22.99 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, CTGO did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CTGO is an average performer in the Metals & Mining industry, it outperforms 54% of 156 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CTGO has an excellent technical rating, the quality of the presented setup is not ideal 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
19.35
23.93
2 important support areas can be observed.
- A support zone ranging from 19.92 to 20.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important 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 | 86.77 | POSITIVE | CTGO has a high relative strength, it outperformed 86.77% 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) | DOWN | MIXED | The current price of CTGO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.05 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests CTGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.58 | NEUTRAL | The Stochastics value for CTGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CTGO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.38 | 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)
22.01
-0.07 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.32%
1 Week10.6%
2 Weeks17.95%
1 Month11.33%
3 Month49.12%
6 Month114.52%
12 Month9.07%
2 Year20.74%
3 Year-5.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%4.44%
ATR Inc56.59%
Range Today1.43
ADR(20)0.94
ADR(20)%4.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.77
Mansfield2.7
10 Day High22.99
10 Day Low18.54
20 Day High22.99
20 Day Low18.19
52 Week High23.95
52 Week Low8.85
CS1 End20.31
CR1 Start23.69
Volume & EV
DER(3)-4.59%
DER(5)0.34%
Volume62.70K
Volume Incr97.76%
Vol(5)134.34K
Vol(50)82.96K