CONTANGO ORE INC (CTGO) Technical Analysis
NYSEARCA:CTGO • US21077F1003
Current stock price
CTGO Technical Rating and Analysis
Overall CTGO gets a technical rating of 3 out of 10. Although CTGO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month CTGO has a been trading in the 22.59 - 31.11 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.
- Looking at the yearly performance, CTGO did better than 93% of all other stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- CTGO is part of the Metals & Mining industry. There are 157 other stocks in this industry, CTGO did better than 60% of them.
- CTGO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTGO is lagging the market slightly.
CTGO Weekly and Daily overview Charts
CTGO Setup Rating and Analysis
The technical rating of CTGO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CTGO Support and Resistance Analysis
20.02
We found 1 important support area.
- Support @20.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.74 to 22.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.74 from a trend line in the daily time frame.
CTGO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for CTGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTGO is down. |
| ChartMill Relative Strength | 93.78 | POSITIVE | CTGO has a high relative strength, it outperformed 93.78% off all stocks 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) | DOWN | NEGATIVE | The current price of CTGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.75 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests CTGO has a negative trend. |
| Stochastics (14,3) | 2.89 | OVERSOLD | The low Stochastics value suggests CTGO may be oversold. |
| Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for CTGO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for CTGO suggests a weak or negative trend. |
CTGO Chart- and CandleStick Pattern Analysis
CTGO Technicals: Chart, Performance Metrics, Trend & Indicators
22.73
-0.61 (-2.61%)
CONTANGO ORE INC / CTGO TA FAQ
What is the technical rating for CTGO stock?
ChartMill assigns a technical rating of 3 / 10 to CTGO.
What is the trend direction for CTGO stock?
The current trend direction for CONTANGO ORE INC (CTGO) is Bearish.
What is the RSI signal for CTGO stock?
CONTANGO ORE INC (CTGO) has an RSI value of 31.7489. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONTANGO ORE INC?
The MACD indicator for CONTANGO ORE INC (CTGO) has a value of -0.549391, indicating a bearish trend.
What is the short term momentum for CONTANGO ORE INC (CTGO) stock?
The short term momentum for CONTANGO ORE INC (CTGO) is negative.