CONTANGO ORE INC (CTGO) Stock Technical Analysis
NYSEARCA:CTGO - NYSE Arca - US21077F1003 - Common Stock - Currency: USD
Overall CTGO gets a technical rating of 8 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.
Both the short term and long term trends are positive. This is a very positive sign.
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 18.16 - 21.18 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CTGO did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CTGO is part of the Metals & Mining industry. There are 154 other stocks in this industry, CTGO did better than 47% of them.
Besides having an excellent technical rating, CTGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.75
24.16
We found 2 important support areas.
- Support @20.97 from a trend line in the daily time frame.
- A support zone ranging from 18.94 to 19.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @21.30 from a horizontal line 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 | 80.47 | POSITIVE | CTGO has a high relative strength, it outperformed 80.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CTGO is above 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) | 60.53 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.78 | OVERBOUGHT | The high Stochastics value suggests CTGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CTGO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for CTGO suggests a weak or negative 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 |
|---|---|---|---|
| 21.31 | 20.96 | 0.35 (1.64%) | 25.00% |
| An entry @21.31. This is a Buy Stop order right above the resistance zone. | An exit @20.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 1.64%. | For a 0.41% 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.
21.03
+0.61 (+2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.99%
1 Week4.94%
2 Weeks7.35%
1 Month-1.17%
3 Month51.08%
6 Month92.23%
12 Month-8.76%
2 Year13.06%
3 Year-6.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%4.14%
ATR Inc-8%
Range Today0.62
ADR(20)0.84
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.47
Mansfield2.29
10 Day High21.06
10 Day Low19.26
20 Day High21.18
20 Day Low18.16
52 Week High23.95
52 Week Low8.85
CS1 End20.97
CR1 Start21.3
Volume & EV
DER(3)-1.48%
DER(5)-3.34%
Volume145.20K
Volume Incr-8.5%
Vol(5)78.10K
Vol(50)100.36K